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Edition: U.S. Article Comments (3) Slideshow Email Print Reprints Read UPDATE 1-Report to say Waddell stoked flash crash -source 30 Sep 2010 Health reform to worsen doctor shortage: group 30 Sep 2010 A Minute With: Actor Eisenberg on playing Facebook CEO 7:18am EDT UPDATE 1-Bin Laden criticises Pakistan relief mission 8:09am EDT Economy still needs reinforcement: Geithner 30 Sep 2010 Shared Health reform to worsen doctor shortage: group 30 Sep 2010 UPDATE 1-Report to say Waddell stoked flash crash -source 30 Sep 2010 Economy still needs reinforcement: Geithner 30 Sep 2010 Ecuador's police chief quits over Correa crisis | 10:06am EDT Boston firefighters get oxygen masks for pets 30 Sep 2010 Watched Red faces over top model gaff Tue, Sep 28 2010 New planet could support life Thu, Sep 30 2010 Mexican mayor stoned to death Tue, Sep 28 2010 Report Title Price ValuEngine Industry Report for OFFICE/COMM EQUIP Provider: ValuEngine, Inc. $49.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Nokia says starts shipping flagship N8 model Tweet This Share on LinkedIn Share on Facebook Related News Nokia says starts shipping flagship N8 model Thu, Sep 30 2010 Apple takes legal battle with Nokia to Britain Tue, Sep 28 2010 UPDATE 1-Apple takes legal battle with Nokia to Britain Tue, Sep 28 2010 Welcome to Nokia, Mr. Elop Mon, Sep 27 2010 ADR Report-Nokia, Deutsche Bank drag foreign shares Tue, Sep 21 2010 Analysis & Opinion When should investors sell their Apple stock? Related Topics Technology » Media » Stocks 1 / 4 The new N8 smartphone is displayed at the Nokia flagship store in Helsinki in this picture taken September 29, 2010. Credit: Reuters/Bob Strong By Tarmo Virki and Terhi Kinnunen HELSINKI | Thu Sep 30, 2010 9:42am EDT HELSINKI (Reuters) - The world's leading cellphone maker, Nokia, said on Thursday it has started to ship its flagship smartphone model the N8, boosting its share price. Shares in Nokia were 3.5 percent stronger at 7.46 euros by 0951 GMT (5:51 a.m. EDT), outperforming the STOXX Europe 600 Technology index, which was 0.7 percent up. "The reaction is surprisingly small when looking at how the share price has developed in the past week," on shipping speculation, said Nordea analyst Sami Sarkamies. Last week Nokia said it had delayed by a few weeks deliveries of the N8 to clients who had pre-ordered, hitting its shares on the day chief executive Stephen Elop started at the helm of the company. The N8 is seen by analysts as Nokia's first real challenge to Apple's iPhone, more than three years after its launch. Its success and timing of its introduction are seen crucial to Nokia's profit margins in the third and fourth quarter. Sarkamies noted the new flagship device was expected to have a bigger impact on profitability in the fourth quarter than in the third. FIM analyst Michael Schroder said: "N8 is a step forward for Nokia when considering its portfolio. It is an important device as Nokia attempts to get back to the category of the most expensive smartphones. "Smartphones is the category that generates the largest part of the result, although in terms of volumes it is still small." Nokia said the N8 would be widely available in coming weeks. "The N8 has received the highest amount of pre-orders in Nokia's history," said Jo Harlow, head of the company's smartphone unit, in a statement. The N8, first to use Nokia's new Symbian software, was originally scheduled to reach consumers in June. In April, Nokia warned the software renewal would take longer than expected due to quality problems, and said that the model would reach consumers by the end of September. A weak offering of smartphones and problems with software were seen as the main reasons for Nokia replacing Chief Executive Olli-Pekka Kallasvuo with Stephen Elop from Microsoft. The N8 stands out among its rivals for its 12 megapixel camera, but has a slower processor than Samsung's leading model, the Galaxy S, and Apple's latest iPhone. (Editing by Hans Peters and David Hulmes) Technology Media Comments See All Comments (3) | Post Comment Sep 30, 2010 2:55am EDT You morons… N8 has two prosessors, GET IT TWO..? FSC Report As Abusive Sep 30, 2010 8:04am EDT FTA: “The N8, first to use Nokia’s new Symbian software…” Nokia has been using Symbian for at least a year. I know the E71, E5, and C6 models already use it. TheDanInDanger Report As Abusive Oct 01, 2010 7:16am EDT @ the danlndanger Nokia has been using symbian since 2001 actually, but with this model they’re using a completely built from scratch symbian labeled as symbian ^3, they skipped developing symbian ^2 in favor for this one, and they reportedly said this will be the only ^3 device, they’re currently working on symbian ^4 set to be released next year mkaaki Report As Abusive See All Comments (3) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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