logo-loader
viewNokia Corporation (ADR)

Nokia's new Lumia handset disappoints

mobile_phone_touch_screen_350_5192a092e3b28.jpg

 

Nokia's (NYSE: NOK) new handset failed to impress investors, who sent the stock tumbling more than five per cent.

The Windows phone, called the Lumia 925, is the latest in the namesake series. It has an upgraded camera and is lighter and thinner than its predecessors. 

Nokia will launch the smartphone in five countries - UK, Germany, Italy, Spain, and China - to start, followed shortly after with the U.S. release.

The company, which made the announcement in London, is clammering for market share in an industry increasingly dominated by Apple, Samsung and phones that run Google's Android operating system.

Nokia was not the only company whose new device did meet shareholder expectations. At its developer conference in Florida, Blackberry (TSE: BB) revealed the Q5, a handset with a physical keyboard targeted at emerging markets. 

 

Quick facts: Nokia Corporation (ADR)

Price: 5.06 USD

NYSE:NOK
Market: NYSE
Market Cap: $28.43 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Crossword Cybersecurity 'cautiously optimistic' on 2020 as first half...

Crossword Cybersecurity PLC's (LON:CCS) Mary Dowd tells Proactive London's Andrew Scott they're cautiously optimistic on hitting full year targets after first half revenues to June 2020 rose 18%. The company expects to report revenues of £674,000 while it closed off the period with £1.6mln in...

8 hours, 37 minutes ago

2 min read