Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



More Evidence That Nokia and Verizon Are Hooking Up Again

There's been rumblings that Nokia (NYSE: NOK  ) was preparing to go bigger with wireless carrier Verizon (NYSE: VZ  ) . In March, rumors surfaced that the top domestic carrier was preparing to launch a high-end Lumia model, following the mid-range Lumia 822 that was released late last year.

Bloomberg is now chiming in corroborating the reports with its own unnamed "people familiar with the plan." The Lumia 928 is expected to be similar to the flagship Lumia 920 that was launched last year, but will receive a physical makeover and a high-quality metal casing.

It would be slightly different than the Lumia 920 that rival AT&T scored an exclusive lock on. The other pertinent specs are largely the same, such as display size, camera, and wireless charging.

The March report suggested that the Lumia 928 would launch in April, but now the April report pegs release in May. Either way, the device should make its way to market fairly soon, and will be the first high-end Lumia on Big Red's network running Microsoft (NASDAQ: MSFT  ) Windows Phone 8.

Verizon's made it quite clear that its method for reducing device subsidies will entail spurring platform competition, which is why it's been beefing up its Windows Phone lineup over the past six months, which now includes four smartphones.


Price With 2-Year Contract

Samsung ATIV Odyssey


HTC Windows Phone 8X


Nokia Lumia 822


HTC Trophy


Source: Verizon Wireless.

The most peculiar aspect of its Windows Phone portfolio, though, is the continued presence of the HTC Trophy. That device is the most expensive Windows Phone that Verizon offers by far, and is also the oldest (it was launched in May 2011 and runs on the previous-generation Windows Phone 7). Verizon has reportedly discontinued the device, but probably needs to clear out inventory first. The first step toward clearing out inventory is price-cutting, though.

Microsoft may also benefit from an expanded Lumia lineup at Verizon, since consumers have mostly expressed that Nokia is the preferred brand for the software giant's platform. Getting a flagship on the largest domestic carrier could help it unseat BlackBerry as the No. 3 platform.

Nokia's been struggling in a world of Apple and Android smartphone dominance. However, the company has banked its future on its next generation of Windows smartphones. Motley Fool analyst Charly Travers has created a new premium report that digs into both the opportunities and risks facing Nokia to help investors decide if the company is a buy or sell. To get started, simply click here now.

Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On April 24, 2013, at 9:26 PM, ctyank99 wrote:

    Lumia is the future and a 27% increase in Lumia sales is great news! I know that Nokia is going to comeback. They'll be a classic trun-around story and I believe Nokia's stock price will be dramatically higher 6 months to a year from now!

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2380716, ~/Articles/ArticleHandler.aspx, 9/27/2016 8:15:14 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 10 hours ago Sponsored by:
DOW 18,094.83 -166.62 -0.91%
S&P 500 2,146.10 -18.59 -0.86%
NASD 5,257.49 -48.26 -0.91%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/26/2016 4:02 PM
NOK $5.62 Down -0.04 -0.71%
Nokia CAPS Rating: **
BBRY $7.82 Down -0.09 -1.14%
BlackBerry CAPS Rating: *
MSFT $56.90 Down -0.53 -0.92%
Microsoft CAPS Rating: ****
T $41.14 Down -0.14 -0.34%
AT and T CAPS Rating: ****
VZ $52.15 Down -0.41 -0.78%
Verizon Communicat… CAPS Rating: ****