Handset maker Nokia Corp. (NOK) on Tuesday introduced two dual SIM mobile phone models - the Nokia 110 and Nokia 112 - that combine browsing, social media, apps, entertainment and long battery life.
Mary McDowell, EVP, Mobile Phones, Nokia, said, "Today's mobile phone users want a quick internet experience that allows them to discover great content and share it with their friends - but without being held back by high data costs."
Nokia has been in an unenviable position of late with sales taking a dip faced with aggressive competition in the market. Last month, the company reported a hefty loss for the first quarter, tied down by one-off items as well as a sharp decline in sales.
During the quarter, Nokia faced competition from more affordable smartphones as well as feature phones with broader portfolios, which hurt its business in several key markets.
The new products announced today are relatively cheap and include several smartphone features.
Nokia said today that these two new devices can be used for communicating across Facebook, Twitter and social media networks. The Nokia Browser allows users to consume less data by up to 90 percent, by compressing websites in the cloud.
Both devices offer direct access to Facebook and Twitter from their home screens. The Nokia 112 also features preloaded eBuddy instant messaging service, thus enabling users to use popular chat services to keep conversations round-the-clock.
Like other Nokia mobile phones, consumers can choose from thousands of apps to download on the Nokia Store.
Both new phones offer an improved VGA camera with support for up to 32 GB of external memory. The phones have been optimized to provide a long-lasting battery life, with over 10 hours of talk time and nearly a month's standby.
The devices feature a 1.8 inch display optimized for gaming experience. In the coming months, they will bring in free 40 key Electronic Arts Games, including titles such as Tetris, Bejeweled, Need for Speed The Run, Monopoly Here & Now, and SimCity Deluxe. Data costs may apply on this.
Both phones make use of Nokia's Easy Swap technology, enabling users to switch between SIMs without removing battery or turn off the phone. This technology can personalize and remember up to five different SIM cards.
The Nokia 110 will also be available as single SIM versions - Nokia 111 and Nokia 113, with the last one available in Europe and Eurasia only.
The estimated retail price for Nokia 110 and its single SIM versions is about 35 euros. They are expected to start shipping in the second quarter.
The estimated retail price for Nokia 112 is about 38 euros, excluding taxes and subsidies, and is expected to start shipping in the third quarter.
The stock is falling 0.94 percent in Helsinki at 2.31 euros on a volume of 15.83 million shares.
NOK, which closed at $3.05 on Monday, is losing 3.9 percent in pre-market activity.
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