Nokia Corporation (NYSE:NOK) Pulls Back Sharply As Launch Fades

With the launch of its two new Lumias in New York, Nokia Corporation (ADR)(NYSE:NOK) hopes to get back in the market where it has been absent for a few years now and the market where it matters the most - United States.

The Nokia 920 has a larger, curved 4.5-inch PureMotion HD+ display, dual-core 1.5GHz Snapdragon S4 CPU, 2,000mAh battery, NFC, integrated wireless charging and an 8-megapixel rear PureView camera capable of 1080p video.

The display packs WXGA (1,280 x 768) resolution, is 25 percent brighter than the next best panel on the market and it's the fastest LCD that Nokia has ever shipped on a smartphone.

The screen also boasts what Nokia calls "Super Sensitive Touch," which promises to let you use it even when wearing gloves or mitts.

The 920 employs a "floating lens," which, in layman's terms, translates into hardware image stabilization and also packs impressive low-light capabilities -- an area the company's seems squarely focused upon, the Engadget writes.

Can NOK Bounce Back? Find Out here

"In a true return to form, the 920 also hearkens back to the Lumia that started it all, opting for the "sinuous tapering" that debuted on the 800 with glass edges that blend gently into the polycarbonate hull."

"Unfortunately, not all of that design language has made the transition, given its chassis now appears glossier and more polished, distancing itself from that premium matte finish," the Engadget said.

"Still, as looks go, the handset's keeping to its 900 origins, appearing nigh indistinct from its predecessor save for that attention-grabbing mellow yellow hue. And as a bonus, Nokia's imbued the device with integrated wireless charging, based on the Qi standard, which corroborates those leaks we saw just last week. The Lumia 920 will arrive in pentaband LTE and HSPA+ variants and both are expected to ship "in selected markets" later this year."

Shares of NOK slumped 15% to $2.41.