Nokia to enter laptop market

HELSINKI: The world's top cellphone maker Nokia said yesterday it would start to make laptops, entering a fiercely competitive, but fast-growing market.

Nokia has seen its profit margins drop over the last quarters as handset demand has slumped, and analysts have worried that entering the PC industry, where margins are traditionally razor-thin, could hurt Nokia's profits further.

"We are fully aware what has the margin level been in the PC world. We have gone into this with our eyes wide open," Kai Oistamo, the head of Nokia's key phone unit, told Reuters.