Nokia Corporation (ADR) (NYSE:NOK)’s latest release phone which is its first Lumia smartphone with a metal cover with low-light camera features and lot of attractive new apps, that new model unsuccessful to impress their investors, the impact shows in the share price, plunged more than 5 percent.

The firm declared that the Lumia 925 is a slimmer and lighter version of its flagship Lumia 920 that will be soon available in the full Lumia Windows 8 range. The novelty include in the phone is an 8.7MP camera that can take photos in low light conditions and snaps 10 images at once.

Nokia Corp. declared that the new model would have a price tag of around 470 euros or $610 before subsidies or taxes. It will go on sale coming month in China and Europe, and afterward in the U.S. by T-Mobile.

Gartner stated that Nokia’s mobile phone share plunged 4.9% in the Q1 of 2013, mostly because of a steep drop in feature phone sales. It declared that its smartphone sales suffered even more, decreasing it into 10th place from 8th in the earlier quarter.

On the other hand, ZTE declared that its operations conform with trading regulations of the WTO and local markets, as well as it is also dedicated to safeguarding the interests of China and Europe.

Previous year, Germany eliminated Huawei from supplying the infrastructure for a national academic research network.

Therefore, Nokia’s JV Nokia Siemens Network and other European manufacturers Ericsson and Alcatel Lucent SA (ADR) (NYSE:ALU) apprehension retaliation in China if they push to release an anti-subsidy case, so the Commission has been gathering proof on Huawei and ZTE with a vision to release a case on its own initiative.