Nokia has today launched five new mobile phone models, including flip phones that had not before been part of Nokia's line up. The world's market leader in mobile phone technology has been steadily losing market share to its rivals.
Nokia claims that one of its new flip phone is the smallest mass-market 3G model designed for fast networks. According to Gartner, a market researching company, Nokia's market share has dropped to 28.9%. The company says its share stands at 32%.
Nokia CEO, Jorma Ollila, said: "We have now sharpened our product portfolio in key areas, bringing to the market new phones in the mid-range, and adding more clamshells (flip phones) to our offering." The company is chasing a 40% market share.
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