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Nokia to Launch New Lumia Device May 14

Handset maker Nokia  will launch a new Lumia smartphone in London on May 14, the company said Friday.

When presenting Nokia's first-quarter results last week, Nokia Chief Executive Stephen Elop said the company would soon introduce a new Lumia device to be marketed by a leading U.S. network operator. The event would mark the beginning of a series of new Lumia product launches, Mr. Elop added.
Sales of Nokia's closely-watched lineup of Lumias, which run Microsoft Corp.'s (MFST) Windows software, rose 27% in the first quarter to 5.6 million units.

However, despite the relatively strong growth in Lumia shipments, Nokia is currently a minnow in the high-end smartphone markets compared to dominant suppliers, Samsung Electronics Co. and Apple Inc.

Samsung's smartphone shipments grew 56% to a record 69.4 million units in the January-March quarter, research firm Strategy Analytics said earlier Friday. Apple's shipments grew 7% to 37.4 million units, its slowest-ever year-on-year rate, the researcher said.

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