Nokia Unveils $99 Smartphone

    Chief Executive Officer (CEO) of Nokia Corporation Stephen Elop (R) and Head-Developer Outreach of Nokia, Sangeeta Bavi (L) hold Nokia Asha 501 cellular telephones during an unveiling ceremony in New Delhi on May 9, 2013. The Asha 501,with a three-inch screen, Wi-Fi, internet, camera is expected to go on sale in India and Europe in June, 2013 for approximately USD 99. AFP PHOTO/RAVEENDRAN        (Photo credit should read RAVEENDRAN/AFP/Getty Images)

    Nokia executives unveiling the Asha 501 on Thursday in New Delhi. (Raveendran/AFP/Getty)

    Can Asha bring Nokia back from the brink? Nokia has unveiled a $99 touch-screen phone with social apps in an attempt to gain a foothold in the smartphone market. Once the world’s largest cellphone maker, Nokia now holds only a sliver of the market dominated by Apple and Samsung and hopes the low-priced Asha will tempt consumers as they upgrade from basic phones. Nokia said its smartphone will initially run on a second-generation network but will soon be available in 3G and will start shipping worldwide in June. The company said Asha’s design was inspired by its higher-end Lumia smartphone and is targeted at “young, socially inspired” people.

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