Finnish handset manufacturer,
) has unveiled Lumia 525 - an advanced version of its flagship
product Lumia 520. The new device is expected to cost the same as
its successor Lumia 520 and will initially be launched in the
Asia Pacific, Africa and the Middle East.
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Like Lumia 520, the new device features
) 1 GHz dual-core S4 processor, 8 GB memory space and a 5 MP
camera without flash. Unlike, Lumia 520, the Lumia 525 supports 1
GB RAM and also provides 4-inch WVGA display.
Nokia is gearing up for the upcoming holiday season with the
launch of its tablet and two 6 inch smartphones, Lumia 1320 and
1520. Moreover, the company has launched three Asha flagship
phones, Asha 500, 502 and 503, costing $69, $89 and $99,
respectively. The company recently updated its music service with
an advanced music app called Nokia MixRadio. This new application
is powered with a Play Me feature which allows constant streaming
of ad free music.
In the third quarter of 2013, the company sold 8.8 million Lumia
smartphones, up 40% from the prior-year quarter. Thus, it is
highly anticipated that the launch of such high-end gadgets,
feature phones and apps will help Nokia to counter competition
against aces like Samsung and
) by means of generating strong sales during this holiday season.
) has decided to acquire Nokia Corp.'s handset business for $7.2
billion (5.44 billion euros). Nokia's shareholders have approved
the deal. The deal is expected to close in the first quarter of
2014, subject to regulators' approval.
Nokia currently carries a Zacks Rank #3 (Hold).