 Royal Philips Electronics yesterday announced a global initiative to develop ultra low-cost mobile phones to bring the benefits of the technology to an untapped global customer base of 3.3 billion people. The first product from the project will be a sub-$5 system solution – an integrated hardware and software platform constituting all the electronics needed in a mobile phone – that will drive handset costs below $20, fueling already fast-growing markets in regions including China, India, Africa, South America and Eastern Europe.
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Japan’s Solid Alliance