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.
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