Nokia to sell $25,000 Ferrari phone

he luxury unit of Nokia has started selling a phone designed jointly with Ferrari for about 18,000 euros ($25,400) at its stores in London, Paris, Hong Kong and Singapore, it said on Thursday.

The Vertu unit produced the Ascent Ferrari 60 phone to celebrate Ferrari's 60th anniversary.

"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," said Vertu spokeswoman Elizabeth Maragh.

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