04/16/2008 05:12 am ET | Updated May 25, 2011

Nokia Preps iPhone Rival, Disses Apple's Sales

It appears that Nokia is readying its official response to the iPhone, a project grossly codenamed "Tube" that will feature a touch interface. The new handset -- which is said to closely resemble Apple's device (see above, we assume) -- was shown during a slideshow at the Evans Data Developer Relations Conference in Redwood City, California. The slide demonstrated the phone's UI, including a promotional shot featuring Shrek The Third. Tom Libretto, vice president of Forum Nokia, believes that the company can compete for the iPhone's marketshare, though the phone-maker hasn't set a street date for the device. Apple has sold more than 4 million units since the iPhone's launch, but Libretto smugly noted that, "We've done that [volume] since we've had dinner on Friday," (though he failed to mention that it was 4 million low-end candybar handsets).

Read more on Engadget