Despite Its Tardiness, Can Nokia Crack Into the Tablet Market?

It may be late, but Nokia  (NYSE: NOK  ) has now jumped into the tablet market with the freshly unveiled Lumia 2520, a polycarbonate device running Microsoft's (NASDAQ: MSFT  ) Windows RT. That's a peculiar choice, considering every other OEM has abandoned Microsoft's controversial operating system in favor of the full-featured Windows 8 for most tablets. Windows RT lacks a strong app ecosystem, as well as legacy app support, which severely limits its capabilities.

Furthermore, Nokia is targeting a premium price point of $500, putting the Lumia 2520 directly in competition with Apple's iPad. No other company has successfully challenged Apple at the $500 price point, yet Nokia is intent on giving it a shot. That's even before you consider Nokia's $150 keyboard accessory, which is almost a necessity for buyers to fully experience the tablet, much like with Surface. This doesn't look like it's going to end well for Nokia.

In this segment of Tech Teardown, Erin Kennedy discusses Nokia's new tablet with Evan Niu, CFA.

Stock to own forever
As every savvy investor knows, Warren Buffett didn't make billions by betting on half-baked stocks. He isolated his best few ideas, bet big, and rode them to riches, hardly ever selling. You deserve the same. That's why our CEO, legendary investor Tom Gardner, has permitted us to reveal The Motley Fool's 3 Stocks to Own Forever. These picks are free today! Just click here now to uncover the three companies we love. 


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

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 October 24, 2013, at 9:34 AM, lee654 wrote:

    Yes, Nokia will be a winner in the Tablet Market big time!! LS

Add your comment.

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: 2696239, ~/Articles/ArticleHandler.aspx, 10/31/2014 12:28:48 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...


Advertisement