Nokia Corporation (ADR)(NYSE:NOK)’s Lumia 920 and 820
will be released in Germany on November 1, according to German retailer Media
Markt which has it listed on its website.
On that day customers will be able to get the
unlocked, SIM-free Lumia smartphones at a price of about $582 for the Lumia 820
and $841 for the Lumia 920.
That makes it fairly expensive compared to competing
smartphones in the market, especially the iPhone 5 which is retailing at about
$720 in most markets.
While prices might go down in a few months that kind
of price may deter purchasers who may well be trying out a Nokia Lumia
smartphone for the first time.
Intomobile, which reported the development, said that
carriers in Germany would also start offering the smartphones for free with
contracts that could start at 25 to 30 euros a month.
Will NOK Hit $5 This Year? Find Out Here
In the United States, the country's No.1 network
carrier, AT&T Inc.(NYSE:T ) has entered into an exclusive deal to sell the
Nokia Lumia 920.
According to WPCentral, the company has entered into a
six-month long exclusivity deal with Nokia for selling the phones.
Which means that customers who are on Verizon or
T-Mobile will have to wait for six months before they can get their hands on
the mobile and their carriers can start selling them, or switch their service
provider altogether.
It all depends on the initial user experience of the
Lumias, which is sure to be known within the first two days of it going on
sale.
Nokia, it may be recalled, is tweaking the Lumias,
which it launched in September, to suit the requirements of each of the
carriers it has tied up with.
Shares of NOK jumped over 5% in the pre-open session
the company’s
Q3 revenue beat analysts’ target by 200 Million euros, while posted small adjusted
operating profit instead of the expected loss. A better than expected results
were driven by strong performance in emerging markets for Asha feature phone
sales, which boosted margins as well.
Interestingly, the company has topped wall street’s
estimates in terms of phone volume growth in the past two quarters, whereas
analysts were projective a decline.
But the iPhone 5 16gb costs about $880 in germany on applestore so the comparasion to iPhone "in most regions" seams a bit flawed?
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