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Edition: U.S. Article Comments (1) Save Email Print Reprints Most Popular Most Shared Depressed? You must like chocolate 26 Apr 2010 New Arizona law forcing hard choices on migrants 26 Apr 2010 Police barred from penis enlargement 23 Apr 2010 Pirates rewrite script for Apple's China iPad launch 26 Apr 2010 WRAPUP 5-Thai govt vows action as red shirts block trains 7:43am EDT Lawsuit exposes Wal-Mart to billions in potential damages 8:47am EDT Police seize Gizmodo's computers over iPhone prototype 11:33am EDT Playboy's Hugh Hefner helps rescue Hollywood sign | Video 26 Apr 2010 Robert Downey Jr. returns to superhero mode for "Iron Man 2" | Video 9:26am EDT UPDATE 1-Most Greeks disapprove of EU/IMF aid deal - poll 26 Apr 2010 Depressed? You must like chocolate 26 Apr 2010 Police barred from penis enlargement 23 Apr 2010 Pirates rewrite script for Apple's China iPad launch 26 Apr 2010 Lawsuit exposes Wal-Mart to billions in potential damages 8:47am EDT Porsche recalls all Panameras in embarrassing move 7:23am EDT New Arizona law forcing hard choices on migrants 26 Apr 2010 Potentially deadly fungus spreading in U.S. and Canada 22 Apr 2010 Police seize Gizmodo's computers over iPhone prototype 11:33am EDT Protests as Ukraine backs Russian base extension | Video 11:23am EDT Climate debate gets ugly as world moves to curb CO2 26 Apr 2010 Nokia unveils new flagship phone Tarmo Virki, European technology correspondent HELSINKI Tue Apr 27, 2010 8:59am EDT Related News Nokia unveils new flagship phone model 7:27am EDT UPDATE 1-Nokia unveils new flagship phone model 6:12am EDT Google loses Verizon, changes Nexus One plans Mon, Apr 26 2010 REFILE-UPDATE 2-Google loses Verizon, changes Nexus One plans Mon, Apr 26 2010 Smartphone competition hits Nokia, shares dive Thu, Apr 22 2010 HELSINKI (Reuters) - Nokia Oyj unveiled details of its first phone with new Symbian 3 software on Tuesday, designed to challenge the iPhone and Blackberry at the high-end of the market. Technology | Media Last week Nokia cut its profit outlook and delayed the sales launch of Symbian 3 phones until the third quarter, sending its shares sharply lower. "Nokia is reacting to the fire alarm," said Swedbank analyst Jari Honko. Nokia, which has yet to show the phone to journalists or analysts, is counting on the new software to start clawing back market share lost to the company's new rivals. However, analysts said the new model and software upgrade at best put Nokia on par with features already available to consumers of Google's Android software, or Sony Ericsson, which has sold a 12-megapixel camera phone since 2009. "Symbian 3 is evolutionary not revolutionary, but N8, if reliable, is a first step in efforts to make Nokia's high-end phones credible again," said Ben Wood, head of research at CCS Insight. The new N8 flagship model will have a 12 megapixel camera, 3.5-inch touch screen and retail for 370 euros ($493), excluding subsidies and taxes, Nokia said in a press release. Analysts said it was unclear how much of an impact the phone will have on third-quarter results as it goes on sale only in selected markets during the quarter. "I believe it will slightly calm the markets. It does not solve all of Nokia's problems, but it is an important first step," said Nordea analyst Sami Sarkamies. Nokia lacks a top-range model to challenge Apple's iPhone three years after its launch. Its last high-end hit phone was the N95, which was unveiled in 2006. "Nokia is expected to catch up with rivals, but we will know more about this only when the first independent reviews are published. The first ones are quite mixed," said Swedbank's Honko. The first review of the new phone, published by Russian blogger Eldar Murtazin -- who has a strong track record of scooping unveiled Nokia phones -- slammed the new model. "It's the same as it was before with the same sauce, but with small changes in functionality," Murtazin wrote in www.mobile-review.com. "We have the impression that ... rival producers have mixed with Nokia and are sabotaging and purposefully destroying the Nokia brand. This is the only explanation to what is happening," he wrote. Nokia shares were down 1.1 percent at 9.25 euros at 1154 GMT, underperforming softer European technology shares. Like the iPhone, the new N8 comes with a fixed battery. So far Nokia phones have as a standard had removable and replaceable batteries. (Editing by Elaine Hardcastle and Rupert Winchester) ($1=.7504 Euro) Technology Media Comments See All Comments (1) | Post Comment Apr 27, 2010 10:47am EDT Nokia’s phones cost too much, crash too much, and the software is too much like the previous generation. My hobby was waiting for the latest Nokia, now I don’t think I would buy one of those bricks they produce. readyever123 Report As Abusive See All Comments (1) 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. Views expressed in the comments do not represent those of Reuters. More from Reuters Senate panel says Goldman inflated housing bubble WASHINGTON (Reuters) - The conduct of Goldman Sachs Group Inc during the financial meltdown was assailed on Tuesday by a U.S. Senate panel, which accused the Wall Street powerhouse of inflating the housing bubble earlier this decade and then profiting from its collapse in 2007. German lawmaker urges discount on banks' Greek debt | Video Home prices slip in February, consumer confidence up Senate to hold afternoon vote on bank reform: Reid Ford posts quarterly profit, raises 2010 outlook Bernanke says prompt action needed on deficit » More Top News Merkel's tough love German Chancellor Angela Merkel wanted to make the Greece rescue terms so onerous no country would want to follow suit. The strategy could come back to haunt her. Full Article Markets pound Greek debt Euro slides against the dollar Greek unions to strike against austerity Greece Living without "too big to fail" The Fed's Thomas Hoenig envisions the financial industry without the "too big to fail" concept to lean on. Full Article U.S. must lead on reform Bill needs bigger liquidation fund: Bair Hedge funds face global risk check Gensler explains present with past Financial Regulation Summit © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. 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.

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