Nokia's new Lumia Windows Phone 8 smartphones failed to be the game-changer the financial industry was hoping for, with brokers at Deutsche Bank and Societe Generale downgrading the shares from hold to sell.
Nokia will release its new flagship Lumia 920 Windows Phone 8 smartphone in November, according to multiple reports. The rumored launch date will allow Nokia to get the phone into market for the holiday shopping season but will come weeks after Apple is expected to start selling the next iPhone.
Check out this week's most-viewed stories across Fierce's wireless publications:
Verizon Wireless will release "multiple" smartphones running Microsoft's Windows Phone 8 software in the fourth quarter. The nation's largest carrier also said it is committed to working with Nokia. The comments give Nokia and Microsoft a badly needed boost in the smartphone market.
If Nokia and Microsoft can't figure a way to get the benefits of Windows Phone across to consumers, Windows Phone will flounder and Nokia will sink.
Nokia unveiled two new Lumia smartphones in what CEO Stephen Elop said was an important step for the struggling company. The company is hoping that this launch of the Windows Phone 8-based Lumia 920 and 820 will reinvigorate sales and stop Nokia from falling any further behind its rivals.
NEW YORK--Nokia used its media event here to unveil its first two smartphones running Microsoft's Windows Phone 8 software, its latest effort to kick start its smartphone business.
Nokia and Microsoft unveiled Nokia's first Windows Phone 8 smartphones: the high-end Lumia 920 and mid-range Lumia 820.
Nokia's announcement this week of its new Lumia Windows Phone 8 smartphones will see the vendor call upon the support of the operator community like never before. Nokia and its partner Microsoft are said to have prepared an unparalleled marketing campaign to support the new Lumia Windows 8 handset launch, but their chances of success are far from certain given the increasingly steep hill they face.
The success of Nokia's new Lumia smartphones could dictate the future of the company, according to bankers and analysts, as expectations build that the vendor will unveil new devices early next month.