Nokia, the Finnish firm is a household name in mobile phones in India. Its touch screen phone is the latest but late entry into the phase of such phones. But the company has a history of coming late to the market with innovations yet ends up successful. The main competitors now are Apple’s iPhone and Android. 

Carolina Milanesi, an analyst said to Reuters” The Phone is extremely important ........We have been waiting for the market leader to respond to Apple’s iPhone for a year and a half now. There is a lot of pressure on Nokia”.

However, the leaders of the mobile industry are charged up as ever and have predicted a 10% increase in supplying mobile devices this year as compared to 1.14 billion units in 2007.

The company claims to have acquired the S60 software developed by Symbian.The Latest touch screen will soon be available in European and other International markets.

The stocks of the company closed at $19.68, down by 3% on Friday.