Nokia Corporation (ADR) (NYSE:NOK) is trading down 4.48% at $2.78 on news of the Company’s decision of selling off its business support system (BSS) unit for $400 m. The Company’s joint venture with Siemens is being speculated to be disposing the billing division of its JV with potential buyers being Ericsson, Amdocs, and other private equity funds.
Nokia Corporation, which had been down 42.32% year to date is expected to launch new WP8 based Lumia handsets with the simultaneous launch of WP8 OS from Microsoft at an event to be held on September 5 in New York. The blogsphere seems to indicate that Nokia will launch 2 phones codenamed Phi & Arrow.
Phi is rumored to be flagship high end device which will feature 4.7” ClearBlack AMOLED curved glass display with higher display resolution compared to the 4.3”/3.7” ClearBlack AMOLED display in the currently shipping Nokia Lumia 900/Lumia 800 WP 7.5 based smartphones. The hardware design of Phi is expected to broadly resemble that of Lumia 900 and Lumia 800 Windows phones though Phi is expected to be thinner than Lumia 900 and 800 smartphones. AT&T is expected to be the exclusive operator to offer Nokia Phi smartphone in the US initially. Nokia Arrow is expected to be the mid range WP 8 smartphone that will be available from AT&T and T-Mobile in the US.
Can NOK Bounce Back? Find Out Here
It has become important for Nokia to show differentiated smartphones from the current market leading Apple & Android platforms to help its share price move up. In this scenario, the Company or Microsoft is required to disclose the hidden features wrapped in the new Nokia product to excite the consumer at large. Previously disclosed features of WP8 OS include: multi-core processors, higher screen resolutions able to support HD 720p displays, removable microSD cards, extensive NFC (near field communication) support, Internet Explore (IE) 10 supporting HTML 5, digital Wallet feature, ability to store maps data offline on the Smartphone.
Nokia had also announced partnership with HARMAN, the global leading supplier of premium audio and infotainment systems (NYSE:HAR) to develop innovative wireless consumer audio technologies exclusively for the Nokia Lumia range. The exclusive product line debuts with JBL PlayUp Portable Wireless Speaker for Nokia Espoo Nokia and HARMAN's JBL brand will jointly develop and co-brand the exclusive line of products which will include a range of speakers delivering room-filling acoustics with dynamic design. Wireless connectivity from mobile device to speaker will be facilitated through Bluetooth technology capable of connecting any existing Lumia phone, or by tapping to connect with NFC for next generation Lumia phone based on Windows Phone 8.