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Verizon to Sell New Nokia Lumia Phone

Nokia (NYSE: NOK  ) announced today that mobile carrier Verizon (NYSE: VZ  ) will carry the company's new Lumia 822 phone this fall.

The Lumia 822 runs on Windows Phone 8 software and will be exclusive to Verizon. The phone boasts an 8-megapixel camera, wireless charging, and a number of user-specific features such as navigation software Nokia Drive+ and music streaming service Nokia Music.

Rival carrier AT&T (NYSE: T  ) will carry similar high-end models from Nokia, the Lumia 820 and 920 phones, starting in November.

Nokia is planning on using the Lumia line to catch up with higher-flying rivals in Apple (NASDAQ: AAPL  ) and Samsung. Nokia's Q3 2012 market share for worldwide smartphones was only 4%, whereas Apple and Samsung posted shares of 26.9% and 56.9%, respectively.


Dan Carroll has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and AT&T.; Motley Fool newsletter services recommend Apple and AT&T.; Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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