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Nokia's slide continues after Windows 8 launch

Mark Spicoluk attends the Bask–It–Style media day on Wednesday Sept. 5, 2012, in Toronto. (Photo by Todd Williamson/Invision for Bask-It-Style/AP Images)

HELSINKI (AP) -- Nokia Corp.'s share price is continuing to fall after the unveiling of the company's first Windows Phone 8 smartphones failed to impress markets and analysts.

In Helsinki, its stock dropped as much as 4 percent on the open Thursday after the previous day's launch caused it to tumble more than 13 percent. In New York, Nokia shares fell 45 cents to $2.38 on Wednesday, trading at the same level as in the mid-1990s.

The former No.1 cellphone maker had hoped the New York launch would convince markets that its alliance with Microsoft Corp. would signal a reversal of its slide against market leaders Apple Inc.'s iPhone and Samsung, and devices using Google's Android platform.

In early afternoon trading, Nokia had recovered slightly, trading 1 percent lower at €1.97 ($2.48).