NEW DELHI—Struggling Finnish handset giant Nokia unveiled on Thursday its next generation of lower-end mobile smartphones as it seeks to gain traction in a market expected to be worth $40 billion by 2015. Nokia chief executive Stephen Elop released the $99 Asha 501 touchscreen Internet-enabled model at a global launch in New Delhi that especially targets emerging market users moving up from their no-frills first mobile phones. India, the world's second-largest mobile market after China, "is very important" for Nokia, Elop told reporters, fresh from a bruising meeting in Helsinki earlier this week with shareholders unhappy at Nokia's poor earnings.  ...
Keep on reading: Nokia launches $99 smartphone targeting emerging-market users
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