Nokia unveils metallic smartphone, stock tumbles

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Associated Press

Posted on May 14, 2013 at 7:02 AM

Updated Tuesday, May 14 at 7:07 AM

HELSINKI (AP) — Nokia Corp. has unveiled its first Lumia smartphone with a metal cover, low-light camera features and new social network apps. But the new model failed to impress markets, sending the company's stock down.

Nokia says the features on the Lumia 925 will be soon available in the full Lumia Windows 8 range and include a camera that can take photos in low light conditions and snaps 10 images at once. It enables sharing on various social networks, including Facebook, Twitter and Foursquare.

Nokia Corp. said Tuesday the phone will have a price tag of about €470 ($610) before subsidies or taxes and will go on sale next month in China and Europe.

Nokia's share price dropped more than 4 percent to €2.80 in afternoon trading in Helsinki.

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