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 Market Share: Nokia Hits it Big then Strikes Out

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.

Stephen ElopAlthough 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.

For more news stories, visit these pages:

Nokia’s New Phones…And One Very Exciting Tablet

Nokia rumors:

Nokia Corporation (ADR) (NOK) Says Go Big or Go Home

Loading...