Wednesday, 26 September 2012

Nokia unveils two new mid-range touch-screen cellphones

HELSINKI, Sept 25 – Troubled cellphone maker Nokia unveiled two new affordable touch-screen cellphone models on Tuesday to defend its mass market position while it struggles to compete in high-end smartphones.

Basic cellphones have generated most of Nokia’s sales, holding up much better than smartphones, where it has rapidly lost share to rivals like Samsung and Apple . With a profit margin of over 20 percent, these phones are still the company’s bread and butter even though

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