Nokia launches app store to compete with Apple

Nokia (NOK) may be the world's largest handset company with about 37 percent of the global market, but it still has "Apple (AAPL) envy."

Apple's App store for its iPhone and other portable products has had over one billion downloads. These applications make the iPhone more valuable to many customers who use the broad spectrum of software, much of it free, to manage their businesses and daily lives.