Nokia eyes new smartphones for recovery

Helsinki: In an effort to assure its investors that the company is on track to recovery, the world's biggest cellphone maker by volume, Nokia will introduce new smartphone models next week at its annual media and industry event.

It is rumored that Nokia will unveil its new flagship model E7at the show in London, two sources with direct knowledge of Nokia's plans told Reuters. Nokia will also introduce to the public its new N8 model, which is the first phone to use the new Symbian 3 software, along with other new smartphones, the sources said.

The N8 -- unveiled in April and due to go on sale later this month -- 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.
"As the N8 starts shipping and other devices are unveiled, Nokia will be hoping that it can lay the foundation stones for its recovery given the onslaught of competitive products currently hitting the market," said Ben Wood, director of research at CCS Insight.

Nokia's Symbian operating system has yet to attract a large number of software developers interested in creating compatible applications, a key selling point for high-end cellphones.