An Ultra Affordable Phone from Nokia Corporation (ADR) (NOK)? You Bet So!

When it comes to affordable mobile phones, there are many companies looking to make a dent in the market. However, one has stood out in the past and continues to do so even in today’s market: Nokia Corporation (ADR) (NYSE:NOK).

Nokia knows what it means to push an affordable phone to market, without skimping on features. And that is exactly what the company has done with its most recent device, the Nokia 108.

According to an official blog post, Nokia has introduced the Nokia 108 and Nokia 108 Dual SIM camera phones. Both of which are meant to give users the ability to “capture, share and play” at an affordable price.

How Cheap is Cheap, Nokia Corporation (ADR) (NYSE:NOK)?

It is one thing to say that a mobile phone is going to be cheap, but another thing entirely to actually release an affordable device. Nokia is definitely living up to its word, offering the 108 to consumers for the low retail price of USD $29.

Most people don’t expect to find themselves in position to purchase a camera phone with so many features at such as cheap price. However, Nokia has found a way to offer a deice with a high quality camera, among other features, that consumers are going to fall in love with.

Timo Toikkanen, executive vice president, Mobile Phones, Nokia added, “we continue to connection millions of people, including those for whom mobile phone ownership was previously out of reach.”

Let’s face it: not everybody has the money to buy the newest smartphone from Samsung. Not everybody has the means to wait for the new iPhone to hit the market.

This is why Nokia Corporation (ADR) (NYSE:NOK) has put so much time and money into developing a phone like the 108. This device may not have all the features of a high level smartphone, but with a camera it is a great start for some people.

While the camera is exciting enough, other features include: 1.8 inch color screen, MP3 player, FM radio, support for up to 32 GB, and batter life of up to 31 hours standby.

With Nokia Corporation (ADR) (NYSE:NOK) and Microsoft joining forces, things can only get better.

Are you the type of investor who likes what Nokia and MSFT are doing? These people remain heavily invested in Microsoft: William Duhamel, James Litinsky, Jeffrey Ubben, Kelly Cardwell, and Sandy Nairn.

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Disclosure: none