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Nokia unveiled details of its first phone with new Symbian 3 software today. It’s designed to challenge the iPhone and Blackberry, although Nokia has delayed the sales launch of Symbian 3 phones until the third quarter.

Nokia, which has yet to show the phone to journalists or analysts, is counting on the new software to start clawing back market share lost to the company’s new rivals.

The new N8 flagship model will have a 12 megapixel camera, 3.5-inch touch screen and retail for 370 euros ($493), excluding subsidies and taxes, Nokia said in a press release.

However, analysts said the new model and software at best put Nokia on par with features already available by competitors

“Symbian 3 is evolutionary not revolutionary, but N8, if reliable, is a first step in efforts to make Nokia’s high-end phones credible again,” said Ben Wood, head of research at CCS Insight.

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