Nokia Market Share: With Nokia Corporation (ADR) (NYSE:NOK) struggling to regain market share in the crowded smart phone space, any “win” is a big deal for the company.
Recently, as reported by CNET, the once dominant smart phone company received some good news. T-Mobile has announced that it will carry the new Nokia Lumia 521.
Although this phone was just announced at Mobile World Congress a couple months ago, it appears to be picking up steam. Is this alone enough for Nokia Corporation (ADR) (NYSE:NOK) to once again make waves and cut into the market share of other companies? Probably not. But as noted above, any success is a good success for the company.
While the news that T-Mobile will be selling this smartphone by Nokia is nothing earth shattering, the same CNET piece goes on to discuss something that is a bit more interesting.
The smartphone “will be available sometime in May at Walmart and Microsoft stores in addition to T-Mobile’s Web site and stores.”
As you can see, Nokia Corporation (ADR) (NYSE:NOK) is doing its part in getting distribution for the device. This will go a long way in at least positioning the company to reach its sales goals for the Lumia 521.
At this point, T-Mobile has yet to discuss anything in terms of pricing. That being said, Nokia has “said it will sell the 520 unlocked for just 139 euros without a contract.”
At this point, you may be wondering when the other shoe is going to drop. Just as soon as Nokia Corporation (ADR) (NYSE:NOK) hit a homerun, they came back to the plate and struck out.
The Lumia 521 will be available on T-Mobile’s HSPA+ network. What’s the big deal, right? Well, many people were hoping the phone would have the chance to experience T-Mobile’s 4G LTE network. At this time, it does not appear that this is going to be the case. Things could change in the future, but for now this is a disappointment you will have to live with.
Here is some more information on the phone itself from CNET:
“The Nokia Lumia 521 runs Windows Phone 8 OS, and has a super-sensitive 4-inch touch screen, a 5-megapixel camera with 720p HD video support, and Nokia’s full helping of exclusive apps for its Lumia phones.”
All in all, this is good news for Nokia Corporation (ADR) (NYSE:NOK). Sure, the Lumia 521 is missing out on T-Mobile’s 4G LTE network but for the most part the company has to be happy with where things are headed.
Check back here for more updates on Nokia Market Share.
DISCLOSURE: I have no positions in any stock mentioned.
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