HELSINKI, FINLAND: The world's top mobile phone maker Nokia launched a new music phone on Friday, aiming to ship the model in the first quarter at a price of 145 euros ($213.5) before taxes, subsidies and music package.

The 5235 "Comes with Music" model has a touch screen and a two megapixel camera and runs the Symbian operating system, Nokia said on its web site.

The phone is the cheapest Nokia smartphone model to date when excluding the music package.

The company is under pressure from smartphone makers like Apple and said earlier this month it wanted to push down prices while increasing its margins, helped by its market-leading Symbian operating system.