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 Wednesday, September 27, 2006

Nokia hopes to lead the market with slimmer and more powerful phones.

 

 

Finland's Nokia , the world's top cell phone maker, on Tuesday unveiled a pair of media phones and a music service in a bid to increase revenue and win back popularity lost to rivals.
Nokia hopes to regain ground lost to phones such as Motorola Inc.'s fast-selling Razr with sleeker devices equipped with music players and powerful cameras in what it sees as the fastest-growing cell phone market segment.


Nokia unveiled the N95, a high powered camera phone, and a slimmer model called the N75, which has dedicated music player buttons and is aimed at U.S. consumers. It also plans to boost demand with a service for sampling new music.


"We have left nothing out," said Nokia general manager of multimedia Anssi Vanjoki at a launch in New York.


Nokia said the N95, its first phone with location mapping and a 5 megapixel camera, will sell in volume in the first quarter via a number of European and Asian providers. It is priced at about 550 euros ($700), before subsidies and taxes.


It expects the N75, a folding model slimmer than most of its N-Series phone line, to be "widely available" in the United States in the fourth quarter of this year, Vanjoki said.


Nokia did not reveal deals with U.S. carriers on Tuesday, but the phone is based on a high-speed wireless technology only used in the United States by market leader Cingular Wireless, a venture of AT&T Inc. and BellSouth Corp.


"This phone could sell well. Nokia users have been looking for a slimmer model," said eQ analyst Jari Honko.
Nokia's N-series, which it first launched last year, represented a push toward more stylish and lighter phone models. Critics have said previous phones in the lineup fell short of Samsung Electronics Co. Ltd's and Motorola's thin models.

 

For the full story from Reuters click here

 

 

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