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Nokia unveils three new phone models

Nokia unveiled three new cellphone models, including the successor to its slim hit model Nokia 6300, as the world's top handset vendor pushes to win a larger share of a shrinking market.

Cellphone sales will dive this year, hit by consumers' reluctance to spend on new gadgets in the midst of the economic recession and large inventories built up by phone sellers at the end of last year.

Nokia's 6700 classic - the follow-up to the Nokia 6300, which was among Nokia's top sellers for many quarters - will sell for €235 ($307.4) starting in the second quarter, when excluding subsidies and taxes.

The model will have a 5-megapixel camera and GPS navigation with Nokia Maps.

“Our new arrival shares the same 'DNA' as its predecessor and we believe that it will be one of our best selling devices in 2009,” Soren Petersen, Senior Vice President at Nokia, said in a statement.

Nokia also unveiled the 6303 and 2700 models, which are expected to sell for €135 and €65 respectively, excluding subsidies and taxes. (Reuters)