Nokia officially unmasked its next high-end Lumia Windows Phone device, the Lumia 928, which appears destined for Verizon Wireless.
The Lumia 521 went on sale on the Home Shopping Network (HSN) last week, and has already sold out, according to Reuters . The device highlights attempts by Windows Phone proponents to take the smartphone platform mainstream.
Verizon Wireless will launch a high-end Nokia Lumia Windows Phone next month, according to a Bloomberg report, which could give Nokia's North American sales a badly needed shot in the arm.
Nokia appears to be planning to announce a new phone with a Qwerty keyboard on Wednesday, though it is not clear whether it will be a Lumia Windows Phone or some other class of device.
Nokia reported a year-over-year and sequential drop in device sales in North America, but CEO Stephen Elop also hinted that the company will soon bring a "hero" Lumia Windows Phone smartphone to a top U.S. carrier, likely Verizon Wireless.
Nokia CEO Stephen Elop said he is confident that the company's Lumia smartphones running Microsoft's Windows Phone can help the platform grab more market share, and said he is focused on the enterprise market as a major opportunity. However, analysts are worried that Nokia's lack of a 5-inch superphone to compete with the likes of the Samsung Galaxy S4 may be holding the company back.
Nokia CEO Stephen Elop saw his total 2012 pay package cut by 45 percent compared with 2011, according to a regulatory filing. Nokia struggled mightily in 2012 in its transition to using Microsoft's Windows Phone software for its smartphones.
Nokia released an updated version of its Cinemagraph GIF-making application optimized for Lumia smartphones running Microsoft's legacy Windows Phone 7.5.
Nokia's stock will be removed from the Euro Stoxx 50 index over concerns that the company's smartphones are losing market share. This move triggered a slide in Nokia's share price, falling to its lowest level in three months on the Helsinki exchange, according to Bloomberg .