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) Hedging Its Bets on Windows Phone 8?

Nokia Corporation (NYSE:NOK) was trying to get new traction in the smartphone market late last year with the introduction of the Lumia line of handsets. But when that was overwhelmed by the tsunami that was the Apple, Inc. (NASDAQ:AAPL) iPhone, Nokia was on the verge of falling into an abyss of mobile irrelevance.

Nokia Corporation (ADR) (NOK), Microsoft Corporation (MSFT)

Now, it appears that Nokia is going to hedge its future bets on the Windows Phone 8 operating system from Microsoft Corporation (NASDAQ:MSFT), as well as its own education of sales associates at two of the four biggest carriers i the U.S. – AT&T, Inc. (NYSE:T) and T-Mobile USA, the only two of the four biggest to currently carry Lumia phones.

Nokia Corporation (NYSE:NOK) has been addressing the challenge of losing market share to Apple’s iOS and Google Inc. (NASDAQ:GOOG) Android operating systems by first making the decision last year to ditch its own OS and latch onto the Microsoft Corporation (NASDAQ:MSFT) Windows Phone operating system. Well, now that Windows Phone 8 is being launched later this fall, and reports are out that No0kia will unveil its new line of Windows 8 smartphones at its Nokia World Conference in Helsinki next month, there is some buzz about the possibility of Nokia making a comeback.

To ensure it, Nokia Corporation (NYSE:NOK) has been sending a “Nokia Army” – company employees from all parts of the company – to U.S. carriers, taking Nokia phones with them and educating sales staffs on the features of the phones and talking up the company’s alignment with Windows Phone. Microsoft Corporation (NASDAQ:MSFT) has bas just started in the smartphone business, but is already starting to gain some traction, with Windows Phone-based smartphone shipments up nearly 300 percent in the second quarter of 2012 compared to the same period of 2011, according to a quarterly report from the International Data Corporation (IDC). Apple, Inc. (NASDAQ:AAPL) iOS and Google  (NASDAQ:GOOG) Android phones made up about 90 percent of the market, and while AT&T (NYSE:T) offers those along with Windows Phone devices, Nokia Corporation (NYSE:NOK) will likely need to make headway with the largest U.S. carrier, Verizon Communications, INc. (NYSE:VZ) in order to return to profitability and viability in the smartphone market.

And Nokia Corporation (NYSE:NOK) is hedging its best that an affiliation with Microsoft Corporation (NASDAQ:MSFT) and its Windows Phone operating system, is just the key Nokia needs to get in Verizon’s door and get traction in the marketplace.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.