Is This Nokia’s Apple Killer?

Phone maker Nokia (NYSE:NOK) just unveiled a concept phone users operate by … hold your breath … bending and twisting the phone instead of the more conventional buttons or touch screen.

Called the Kinetic Labs Concept, the prototype phone allows for navigation by actually deforming its shape — screen included! The phone’s user interface includes navigation for music and pictures, which may be scrolled and zoomed by twisting the handset.

Though the company has not yet hitched up a phone to this concept which runs on a concealed computer, Nokia (NYSE:NOK) says the UI can be hooked to any current phone OS.

This is more bad news for embattled smartphone maker Research in Motion (NASDAQ:RIMM), and this device surely must be addressed by smartphone leaders Google (NASDAQ:GOOG) and Apple (NASDAQ:AAPL). NOK is trading at $6.66 today, down 0.75%. Shares are down 38.44% in one year. The stock’s trading range for the year is between $4.82 and $11.75.

More from The Cheat Sheet