Nokia on Thursday introduced a new smartphone, the Lumia 1020, with a powerful 41-megapixel camera as it tries to catch up with rivals Samsung Electronics Co Ltd and Apple Inc.<\/p>\n
The Finnish mobile phone maker is betting its future in smartphones on Microsoft Corp’s Windows Phone operating system as well as on high-tech photography features.<\/p>\n
At an event in New York, Nokia Chief Executive Stephen Elop emphasized the Lumia 1020’s advanced optics, which enable sharper images, even when zooming.<\/p>\n
“You can literally find a needle in a haystack,” Elop said.<\/p>\n
The new Lumia, which use Windows software, will be sold through U.S. carrier AT&T Inc starting July 26 for $299.99 with a two-year contract, and will be available later in other markets including China, Nokia said.<\/p>\n
Telefonica SA will be its carrier partner in European and Latin American markets, it said.<\/p>\n
Elop said Nokia, which has suffered a fall in cash reserves after years of poor sales, said it was pooling resources with AT&T and Microsoft to market the new phone.<\/p>\n
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