"/>
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Nokia N8 Rhymes With Late

Updated since 9:14 am EDT with Nokia share price.

NEW YORK, (TheStreet) -- Nokia (NOK) unveiled the N8 Tuesday, its boldest effort yet to catch up with Apple's (AAPL) iPhone.

Three years and a dozen market-share points late, Nokia has introduced a thin touch-screen phone that will be available in select markets -- read maybe the U.S. in the third quarter.

The standout features include a 12-megapixel camera with high-def video, free Navteq-powered navigation and 16 gigabytes of memory. The N8's 3.5-inch screen and a half-inch thickness is roughly the same as the iPhone.

The N8 is the first phone to use Nokia's Symbian 3 operating system, which promises to heat up the legal battles, because it uses multitouch controls like pinch and finger-spread zoom. This is one of the technologies popularized by Apple's iPhone and at the core of Apple's patent infringement lawsuits against Nokia and more recently HTC. Nokia started the patent fight last year accusing Apple of infringement on some of its wireless technology.

The Next Crisis For Customer Satisfaction (Forbes)

Nokia has been struggling to develop a touch-screen phone that could help it compete with the likes of Apple and an expanding roster of Google (GOOG) Android-powered phones made by Motorola (MOT) and HTC.

Nokia has managed to remain the top smartphone maker globally, but it has lost a lot of turf to rivals like Research In Motion (RIMM) and Apple.

>> Who Owns Nokia?: Karen Finerman

The N8 is aimed directly at Apple and the touch-screen trend.

One of the biggest challenges, beyond phone design, is finding support among U.S. phone companies to sell the phones. Telco subsidies cover as much as $300 of the customer's cost of the phone. In the exchange, the telco gets subscribers locked into two-year service contracts.

In recent years, Nokia's promise of a new generation of touch-screen phones has been a disappointment. The N8's arrival hopes to deliver on that promise and get Nokia back in the game.

Nokia shares continued their week-long 18% slide, falling 2% in midday trading Tuesday.

--Written by Scott Moritz in New York.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs