Marking its foray into the netbook arena, Nokia Monday unveiled its “full-function” personal computer - the Nokia Booklet 3G – which is capable of high-speed mobile Internet access and runs on Microsoft’s Windows software.

The rollout of the Nokia mini-laptop will become official at the Nokia World on September 2, when Nokia is likely to make a formal announcement about the specs and price of its new product. 

However, it is being reported that the Nokia Booklet 3G is a 10-inch netbook built on the Intel Atom processor. The netbook, weighing 2.75 pounds and less than an inch in thickness, will be equipped with the standard connectivity options, including Wi-Fi and 3G/HSPA.

In the opinion of FIM analyst, Michael Schroder, with its new device, apparently a high-end version of the ‘enhanced mobility, low cost,’ netbooks, Nokia “will enter head to head with strong competitors in a tough market,” like Acer, Asus, Dell, and Hewlett-Packard.

The Espoo, Finland-based Nokia, the world's leading mobile phone makers with a 38 percent share of the global market, has, of late, been witnessing a decline in handset sales due to the increased competition from rivals like Apple, RIM, and Samsung.

That the company is looking at other revenue streams is evident from its launch of services like the Ovi music download store, and the July 2008 takeover of mobile navigation company Navteq!