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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Nokia delays flagship N8 again Reuters - Wednesday, September 22 Send IM Story Print By Tarmo Virki, European technology correspondent HELSINKI - Nokia said it would delay again its flagship smartphone N8 model, hitting its shares on the day new chief executive Stephen Elop started at the helm of the world's top cellphone maker. The N8 is seen by analysts as Nokia's first top-range model to challenge Apple's iPhone more than three years after its launch. Its success is seen as being crucial for Nokia's profit margins. "A single device does not normally have a significant impact on Nokia's ... development. But with the N8 the firm has much more at stake," analysts at FIM Bank says in a note. "The new delay is once again a blow to Nokia's already tarnished image and it could also endanger the firm's Q3 earnings target," it said. Nokia shares were 1.7 percent lower at 7.74 euros by 0821 GMT, underperforming 0.1 percent firmer STXE 600 Technology index. A company spokesman said the first phones were still scheduled to leave factories by the end of September, but deliveries to consumers who had preordered the phone would be delayed by a few weeks. "In some markets, we had planned to start delivering the N8s to our pre-order customers by the end of September. To ensure a great user experience, we have decided to hold the shipments for a few weeks to do some final amends," the company said in a statement, adding that the N8s would reach consumers in October. Nokia announced the delay only a few days after the September 15 closure of its showcase event of the year, Nokia World. "This is embarrassing," said John Strand, chief executive of Danish telecoms consultancy Strand Consult. The N8 smartphone, first to use Nokia's new Symbian software, was originally scheduled to reach consumers in June. In April, Nokia warned that the software renewal would take longer than it had expected due to quality problems and said that the N8 would reach consumers by the end of September. The weak smartphone offering and problems with software were see as the main reasons for Nokia to replace its chief executive. Stephen Elop, from Microsoft, started at his job as Nokia's chief executive on Tuesday. The N8 stands out among its rivals for its 12 megapixel camera but has a slower processor than Samsung's top model Galaxy S and the latest iPhone. Recommend Send IM Story Print Related Articles Twitter under attack as hackers exploit security flaw AFP - 39 minutes ago US-TECH Summary Reuters - 52 minutes ago India in talks on BlackBerry e-mail access: source Reuters - 52 minutes ago Twitter says suffered security attack Reuters - 1 hour 35 minutes ago Visa tests smartphone payments in mass transit Reuters - 1 hour 51 minutes ago News Search Top Stories US home construction jumps Ireland, Greece, Spain sail through bond auctions Investors rush to buy Greek bond issue: debt office British public borrowing hits August record high Head of Italy's Unicredit may step down: source More Top Stories » Related Full Coverage Personal TechnologyMobile phones & personal gadgets All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended US exits longest recession since World War II Australia warns of C.Games terror attack 'risk' Pakistan make 265-7 against England in cricket ODI Canadian space agency beams northern lights over Web BP's broken well in Gulf of Mexico is 'dead' More Most Viewed » Climate: New study slashes estimate of icecap loss US pastor puts Koran-burning on hold 'Time bomb' superbug requires global response: doctor Japanese rider Tomizawa dies in San Marino Moto2 GP Vitamin B 'could delay Alzheimer's onset' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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