In order to gain market traction, Finnish handset manufacturer
) continues to expand its Lumia flagship phones by launching a
new Lumia 925 smartphone.
The Lumia 925 is a Windows 8-based smartphone with an 8.7 MP
camera and Carl Zeiss lens capable of shooting in low-light. It
also features popular social network apps (Facebook, Twitter,
Foursquare, Tumblr, Flickr and Instagram). It is much slimmer and
lighter than its earlier Lumia flagship phones.
Lumia 925 is priced at $610 and will be shipped during June
across China and Europe and will later hit U.S. stores on
T-Mobile US, Inc.
In the last couple of years, Nokia has fallen behind in the
smartphone race, which has been mainly dominated by
) iPhone and Samsung's Galaxy range, which runs on
) Android platform. According to the report presented by research
firm IDC, both Apple's iOS and Google's Android operating system
hold more than 80% of the world's market share on operating
platform in fiscal 2012.
However, in the last couple of quarters, Nokia has performed
impressively based on a good show from its Lumia series. At the
end of the first quarter, the company sold 5.6 million handsets
recording sequential growth of 27.35%.
Despite such an impressive show, Nokia has to go a long way to
regain its lost glory since both Samsung and Apple sold more than
300 million smartphones last year as compared to Nokia's 35
Nokia currently carries a Zacks Rank #3 (Hold).
APPLE INC (AAPL): Free Stock Analysis Report
NOKIA CP-ADR A (NOK): Free Stock Analysis
T-MOBILE US INC (TMUS): Free Stock Analysis
To read this article on Zacks.com click here.