And Nokia are hoping three new handsets - the 700, 701 and 600 will carry it back up the phone charts, as it fights against Apple iOS and Android handsets.
The 3.2" touchscreen '700' model boasts 1Ghz processor, 3.2 inch AMOLED screen ClearBlack display, 2GB of internal memory (with the option of using a 32GB microSD card for a total of 34GB), HD video capture and 5MP full focus camera with LED flash.
At 50 cubic cm, weighing 96gm and at 110 x 50.7 x 9.7 mm, it is the most compact touch monoblock smartphone in the world and is Nokia's smallest Symbian ever.
What it lacks in size it makes up for in functionality, say its maker, with single-tap NFC sharing and pairing capabilities, the new 700 is also its most eco-friendly smartphone with a long battery life, eco-friendly materials and features to minimize battery consumption.
The Nokia 701 3.5" with 'clearblack' display, the world's brightest ever mobile phone display, a claim that Samsung Galaxy S II with AMOLED screen previously held.
Based on the C7 design, 701 has a 1GHz processor, 8MP full focus camera with dual LED flash and 2 X digital zoom, 2nd front-facing camera and HD video capture.
It comes with 8GB internal memory and the possibility to increase to 40GB by installing a 32GB microSD card.
The sleek, slim smartphone also has active noise cancellation for the clearer sound quality and is preloaded with the game Asphalt 5.
At the end of the pile is the 600 smartphone delivers a "big sound and a big personality" in a small package and is Nokia's loudest handset at 106 phons, comes with a 1 GHz processor, 5MP full focus camera with LED flash and HD video capture, and 2GB of internal memory with ability to increase to 34GB using a 32GB microSD card.