Nokia launches N8 smartphone

HELSINKI, FINLAND: The world's top cellphone maker Nokia unveiled on Tuesday its flagship N8 smartphone, which will have the new Symbian 3 software.

The model -- with a 12 megapixel camera and 3.5-inch touch screen -- will go on sale in the third quarter and retail for 370 euros ($493), excluding subsidies and taxes.

Last week Nokia cut its profit outlook and said the sales start for phones with Symbian 3 was delayed to the third quarter -- sending its shares sharply lower.

Nokia lacks a top-range model to challenge Apple's iPhone three years after its launch. Its last high-end hit phone was the N95, which was unveiled in 2006.