A former leader in the mobile phone sector, Finland’s Nokia encountered problems after the 2007 launch of smartphones, particularly Apple’s iPhone, as well as devices running on Google's Android operating system. In February 2011, Nokia formed a strategic partnership with Microsoft, with Nokia smartphones replacing Nokia’s traditional Symbian operating system with a mobile system from Microsoft. Microsoft bought Nokia's handset business for 5.44 billion euros in September 2013.
Nokia unveils smartphone with 41-megapixel camera
Nokia on Thursday introduced a new smartphone, the Lumia 1020, with a powerful 41-megapixel camera as it tries to catch up with rivals Samsung Electronics and Apple.
The Finnish mobile phone maker is betting its future in smartphones on Microsoft Corp’s Windows Phone operating system as well as on high-tech photography features.
At an event in New York, Nokia Chief Executive Stephen Elop emphasised the Lumia 1020’s advanced optics, which enable sharper images, even when zooming.
“You can litreally find a needle in a haystack,” Elop said.
The new Lumia, which use Windows software, will be sold through US carrier AT&T starting on July 26 for US$299.99 with a two-year contract, and will be available later in other markets including China, Nokia said.
Telefonica will be its carrier partner in European and Latin American markets, it said.
Elop said Nokia, which has suffered a fall in cash reserves after years of poor sales, said it was pooling resources with AT&T and Microsoft to market the new phone.