Nokia unveils new multimedia phones

Nokia's new N79 (L) and N85 handsets are seen in an undated combination image. (Nokia/Handout/Reuters)HELSINKI (Reuters) - Nokia (NOK1V.HE) unveiled two new high-end phone models, the N79 and the N85, as the world's top cellphone maker battles against increasing competition from the likes of Apple (AAPL.O) and Samsung (005930.KS).

Both new phones, upgrades to Nokia's older models, will have 5 megapixel cameras and pre-loaded games.

Both new models will go on sale in October. The N85 will retail for 450 euros ($662), excluding operator subsidies and taxes, and the N79 will go on sale for 350 euros.

Shares in Nokia were 1.8 percent higher at 17.63 euros by 0852 GMT, outperforming a firmer DJ Stoxx European technology shares index (.SX8P).

(Reporting by Tarmo Virki, editing by Will Waterman)

Source: yahoo news