Finnish handset manufacturer
) has launched Lumia 1025 and 625 smartphones in Canada. Both the
Windows 8-based devices are integrated with ultra-fast 4GLTE
The handsets are available on
Rogers Communications Inc.
) network. Lumia 1020 will cost around $199 and is available in
yellow and black with a two-year contract.
The Lumia 1020 is powered with 41 MP camera and PureView
technology. It also features
) 1.5 GHz dual-core S4 processor with wireless charging facility.
Lumia 625 is available for free from Telus with a contract
period. It features Nokia's HERE mapping technology and free
music streaming facility. It is integrated with 5 MP camera and a
1.2 GHz dual-core Snapdragon processor from Qualcomm that
supports better graphics.
) decided to acquire Nokia Corp.'s handset business for $7.2
billion (5.44 billion euros). The deal is expected to close in
the first quarter of 2014, subject to approval by Nokia's
shareholders and regulators.
Earlier, Nokia had teamed up with Microsoft to offer
Windows-based Lumia handsets. However, stiff competition has
resulted in continuous deterioration of its handset business.
In the second quarter of 2013, Nokia shipped 7.4 million Lumia
smartphones as compared with Samsung and
) 71 and 32 million smartphone sales, respectively. During the
last few months Nokia has launched many handsets in both
categories smartphones and feature phones. So it is to be seen
whether the company would able to recoup its struggling handset
Nokia currently carries a Zacks Rank #3 (Hold).
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