Nokia Corporation (NYSE:NOK) unveiled its new Lumia flagship handsets in the United States nearly a month ago now, but the company lost whatever momentum it had since the launch of the iPhone 5 by Apple Inc. (NASDAQ:AAPL). One of the issues that has complicated the attempted comeback of Nokia Corporation (NOK) in the U.S. smartphone market have been three main pieces of information – price, launch date and the carriers that would sell the phone.
Well, reports from a couple of sources indicate that AT&T Inc. (NYSE:T), which has been a very loyal partner of Nokia Corporation (NYSE:NOK) over the years – it was the exclusive carrier of the Lumia 900 when it was released last year – will launch the high-end Lumia 920 at an event Thursday in New York, where the wireless carrier will unveil a number of new devices for the holiday season. The down side to the unveiling is that Nokia Corporation (NYSE:NOK) isn’t launching its handset for sale until after Microsoft Corporation (NASDAQ:MSFT) launches Windows Phone 8 – the new operating system that Nokia Corporation (NYSE:NOK) will run on its handsets – in late October.
The Lumia 920 by Nokia Corporation (NYSE:NOK) is sporting a large 4.5-inch display (a half-inch longer than the iPhone 5) and an 8.7-megapixel camera, to go along with a mapping platform that is highly acclaimed and City Lens, which displays information about shops and restaurants nearby when the camera is pointed in their direction.
Verizon Communications Inc. (NYSE:VZ) is also on the record as being a retailer for the Lumia 920, and Sprint Nextel Corporation (NYSE:S) has also indicated that it will offer the smartphone to its customers as well. While Nokia Corporation (NYSE:NOK) is not widely held by hedge funds, there are investors like billionaire fund manager Paul Tudor Jones of Tudor Investment Corporation who certainly would like to see Nokia Corporation (NOK) rise from the ashes.