NEW YORK (TheStreet) -- Nokia (NOK) shares are rising, up 1.7% to $8.49, in early market trading on Wednesday after the company announced that it is releasing a new mapping app that will rival competing map applications offered by Google (GOOG) and Apple (AAPL) , according to a Wall Street Journal report.
Nokia's offering will be different from other mobile map applications in that it will allow for broader offline functionality than its competitors.
The app will be available on Apple's iOS and Google's Android platforms later this year, according to the company.NOK data by YCharts
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.