• The Guardian, Monday, July 6, 2009 1:38 PM

Finnish cell phone maker Nokia is developing a mobile phone that runs on Google's Android software platform, The Guardian reports. The new touchscreen handset will be unveiled at the Nokia World conference in September, industry insiders said.

The company, which currently makes roughly four out of every ten mobile phones sold, is trying to revive its fortunes in the fast-growing smartphone market, where it is losing out to the likes of Apple's iPhone and Research in Motion's BlackBerry Storm. The smartphone segment is the only part of the mobile phone market that is growing, as cash-strapped consumers either hold on to existing phones or 'trade up" to more advanced gadgets like the iPhone. Analysts at HSBC reckon Nokia had 47% of the global smartphone market in 2007, falling to 35% last summer and 31% at the end of the year.

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