TOKYO, Nov. 28 - Finnish phone maker Nokia, facing a tough market in Japan, will pull out of that country except to market its high-end Vertu, Forbes reported Thursday.
Nokia's Vertu phones, which cost up to $10,000, are handcrafted and feature precious metals, the financial magazine reported.
"There is definitely a market in Japan for Vertu," analyst Carolina Milanesi at Gartner Research was quoted as saying. She also approved of Nokia's decision, given the weak market share for its other phones.
Nokia and Verizon Wireless made announcement about the launching of their latest mobile device, named ‘Nokia 2605 Mirage’.
On Tuesday, Nokia, the world's largest mobile handset manufacturer, launched the N97 handset and also showcased updates to its navigation and messaging services. The latest set will act as another potential rival to Apple's iPhone.
The top end ‘N-Series’ range of Nokia handsets has now strengthened further to include a new multimedia device known as the ‘Nokia N97’, which will hit the European markets during the first half of the coming year (2009).
Recently, Finnish mobile phone giant Nokia announced that even after trying hard to grow its market share in Japan, it has not helped in anyways, so the company would soon stop selling its handsets in Japan. 
The world's largest handset maker, Nokia, today unveiled its first touch screen phone at Rs 19,999 in India and also announced the launch of its 'Beta' music store. "India has 30 million music handset owners and with the launch of this new phone from the company's platform will further increase that number," said Nokia Managing Director (India) Shiv Kumar while talking to reporters in Delhi. 
