Vivvo CMS Demo Site: Nokia starts selling $25,000 Ferrari phone Nokia starts selling $25,000 Ferrari phone ================================================================================ Boris Krstovic on 26 September, 2007 04:23:00 By Reuters The luxury unit of Nokia has started selling a phone designed jointly with Ferrari for about $25,400 at its stores in London, Paris, Hong Kong and Singapore, it said on Thursday. Luxury handset maker Vertu produced the Ascent Ferrari 60 phone to celebrate Ferrari's 60th anniversary. Now on News.com Intel has ARM in its crosshairs Emphasis on the new at DemoFall 2007 FAQ: What does digital TV switch actually mean? Extra: Nerds to auction skills for dates "We worked very closely to develop this limited edition of 60 phones. Detailing on the phone is inspired by detailing on a number of Ferrari cars," Vertu spokeswoman Elizabeth Maragh said. Luxury-goods makers are benefiting from fast economic growth in countries such as China, India and Russia, while Middle East markets have strengthened as a boom in commodity prices has increased incomes. Nokia and other cell phone manufacturers are increasingly teaming up with designers. Earlier this week, Italian designer Giorgio Armani joined forces with Samsung Electronics to design a television and a mobile phone. Designers Dolce & Gabbana have teamed up with Motorola for a gold-colored version of the Razr mobile phone, and Prada has developed a phone with South Korea's LG Electronics. Story Copyright (c) 2007 Reuters Limited. All rights reserved.