Struggling Nokia pins hopes on low-cost smartphone

Struggling phonemaker Nokia has unveiled two new handsets it hopes will revive its fortunes.

At the start of the world’s largest mobile phone trade show in Barcelona chief executive Stephen Elop said the phones — a low-price €189 smartphone that runs on Windows software and a handset with a high-resolution 41-megapixel camera — demonstrates “the actions necessary to improve the fortunes of Nokia”.

“With great products for consumers, I think the rest will fall into place,” he said.