Nokia Shares Fall After N8 Delay Rumour

Stocks of Nokia fell slightly in pre-market transactions as news that the Finnish company had announced that it was going to delay the N8 emerged.

It turned out that customers who pre-ordered the phone were told to expect it in October instead and that was enough to cause many to start questioning how this latest delay could tarnish Nokia's image even more.

Douglas Dawson, the man in charge of comms at Nokia, confirmed that the phone would be shipped by the end of the third quarter (i.e. end of the month) and that those who ordered the phone through a mobile phone operator might get it slightly later.

Still, it might have been enough to cause Nokia's Market capitalisation to shrink by a whopping $670 million within a few hours. So it seems that it has nothing to do either with software issues or with not producing enough N8.

The N8 was formally unveiled at the Nokia World event in London and apart from the fact that it comes with Symbian^3, its main highlight is its 12-megapixel camera.

Funnily enough, Cnet's Asavin Wattanajantra suggests that Nokia may be delaying the N8 to prevent any clash with the HTC Desire HD and Desire Z.