Shares of Nokia on Monday fell after it unveiled its new Smartphone E72, along with its new 5530 XpressMusic and 3710 fold, as it vies to competes against Apple’s iPhone and Palm’s Pre.

Its new E72 is swift, slim and resourceful, that brings a rich mobile email and instant messaging experience right out of the box, making it the ideal device for people that want to be productive in both their personal and professional lives, which cost $ 480 or EUR 350.

It features A-GPS and compass with integrated Maps, and has improves performance throughout the user experience to faster Internet up- and downlink speeds.

Nokia envisions a world where people will be empowered to share and connect with what matters most to them through highly personalized and contextually relevant solutions, Executive Vice President and Chief Development Officer Mary McDowell said during Nokia Connection event in Singapore.

It also introduced a new touch screen Nokia 5530 XpressMusic, a compact XpressMusic device, design for quickly and easily access, share and mix a huge selection of media, which cost $280 or EUR 199.

It features one touch shortcuts to content and popular social networks, like Facebook and MySpace, 27 hours of playback time, excellent audio quality and a 4 GB memory card for storing music and other media and have brilliantly clear 2.9 inch widescreen display, with fast and affordable access to internet services via the integrated wireless LAN over the ubiquitous wireless networks.

However its share fell $0.72 or 4.59 % to $14.96 in the regular trading.