Nokia (NYSE:NOK) has announced that it will be reintroducing its Lumia 720 and 520 handsets in a few emerging Asian markets this quarter at price points of $329 and $185, respectively, before carrier subsidies or taxes. In this video, Motley Fool tech and telecom analyst Andrew Tonner discusses the implications of this move for Nokia and its relationship with Microsoft (NASDAQ:MSFT)and how selling handsets in these markets at these price points could mean more competition for Apple (NASDAQ:AAPL) if and when it enters the lower-cost smartphone race.
Andrew Tonner owns shares of Apple. The Motley Fool recommends Apple and Google, and owns shares of Apple, Google, and Microsoft. 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.