Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Nokia Corporation (NOK) Delivers a Thud at Press Event

Nokia Corporation (NYSE:NOK) had spent a lot of time and energy ramping up hype in the weeks leading up to its big press event Wednesday morning in New York that unveiled the new Lumia 820 and 920 handsets that would run the soon-to-be-released Windows Phone 8 operating system by Microsoft Corporation (NASDAQ:MSFT). Though there is general consensus from technology and smartphones reviewers that while Nokia built solid handsets with interesting features, a couple of items left out of the press event took the air out of the Nokia balloon before it really got off the ground.

Nokia Corporation (ADR) (NYSE:NOK)

Three things the markets wanted to know from Nokia Corporation (NYSE:NOK) about these phones – the anticipated retail price, the U.S. wireless carriers that would sell it, and the official release date – were found wanting. There wasn’t even a vague allusion to any of the three things. There was no hint reported, and with no certainty – essentially no actual evidence of anything outside of the prototypes at the press event – of these phones being in the market, shares of Nokia Corporation (NYSE:NOK) stock fell nearly 10 percent in the U.S. and about 13 percent in Europe.

“It is impossible to assess this launch without price and roll-out info. This is disappointing,” said Bengt Nordstrom, CEO of Northstream, a telecommunications consulting firm.

The Lumia 920 is considered the top-line “flagship” for the Windows Phone 8 operating system, boasts wireless charging capability and  PureView camera technology that greatly reduces blurring due to hand motion on a market-competitive 8.7-megapixel camera.

While by many accounts Nokia Corporation (NYSE:NOK) had plenty to brag about with its new smartphones, it seemed the markets and investors wanted more simple and basic information than technical things like features, processors or cameras. And it seems in that regard, Nokia failed the markets and will have to work to rescue itself and provide some certainty before investors bail on the company altogether.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!