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Shares in Nokia gain 5.7 per cent on speculation that the Finnish mobile phone maker could launch new smartphones in early September before Apple unveils a next version of its iPhone.
"There has been a lot of speculation about new device launches, what Nokia will unveil on September 5.... There has been some pictures available," Nordea analyst Sami Sarkamies says.
"The sooner, the better is what markets are hoping for. If the launch was before the new iPhone it would be good, because otherwise it would get not enough attention and hype," says Inderes analyst Mikael Rautanen.
Earlier today, South Korea's Samsung Electronics said it had launched a super-size version of its Galaxy Note smartphone, the latest salvo in its battle with Apple for the multi-billion-dollar handheld market.
The Galaxy Note 10.1, which went on sale on Monday in Germany and the United Arab Emirates, is almost twice as wide as its predecessor and is almost the size of a tablet.
The release comes as Samsung tries to make inroads in the tablet computer market, which is dominated by Apple's iPad, while the two electronics giants are also engaged in a bitter court battle over patent infringements.
Meanwhile, Apple Inc's new version of its iPhone and iPad software will not include a pre-packaged app for Google Inc's popular video website, YouTube, Apple said on Monday.
The move marked the latest sign of the growing rivalry between the two technology companies, close on the heels of Apple's decision to dump Google's mapping software from its devices.
"Our license to include the YouTube app in iOS has ended," Apple said in a statement on Monday. "Customers can use YouTube in the Safari browser and Google is working on a new YouTube app to be on the app store."
Google was not immediately available for comment.
YouTube has been among a handful of apps that come pre-loaded onto the screens of Apple's mobile devices since the original iPhone was introduced in 2007.