According to Juniper Studies, the mobile market will see a spike in low-budget phones 2014 improving upwards of 700 units or about 22% of the number this year. The iPhone, Palm Pre and other multimedia phones may get the headlines but Nokia will rest on its laurels with its continued production of low-end phones.

Techcrunch reports: According to Juniper’s report, of which you’ll find a summary in this free whitepaper, entry-level devices (Nokia’s definition for phones that sell for less than $60) accounted for 45% of total global shipments in 2008, which translates to 535 million units. However, Juniper also says ULC devices (ultra low-cost or devices selling for $5 on average) were only a fraction of those but growing in importance quickly. By 2014, Juniper forecasts low-cost devices to account for over 50% of all devices sold worldwide each year. Of the 700 million low-cost handsets expected to be sold in 2014, Juniper Research believes around 24% will be sold in Africa and the Middle East.