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Nokia to Start Selling New Smart Phone

09 May 17
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Nokia will start selling its new smartphone, potentially its last chance to break into the most profitable part of the mobile phone market and secure its future, in November, sources at European telecoms operators said on Friday.

The Lumia 920, which uses Microsoft’s Windows software, is Nokia’s bid to catch up with Apple’s iPhone and a string of popular phones using Google’s Android software, like Samsung’s Galaxy models.

The new phone, which with its rounded edges and colourful covers look similar to its predecessors, was unveiled on Wednesday and drew a thumbs down from many analysts, who felt it lacked the “wow” factor to make big inroads against rivals.

They were also unsettled by Nokia’s refusal to say when the phone, and the smaller Lumia 820 models, would go on sale, or to give details on the price and operator partners.

Once the world’s biggest mobile phone maker, Nokia fell behind rivals in the fast-growing smartphone market and has struggled to catch up, racking up more than 3 billion euros in operating losses in the last 18 months and forcing it to cut 10,000 jobs, as well as sell assets.

By going on sale in November, the Lumia 920 will hit stores in time for the key holiday sales season. It will be priced similar to Samsung’s flagship Galaxy S3, operators in several countries said. The Galaxy S3 sells for around 580 euros.

But the phone will probably land more than a month after Apple’s new iPhone and will face stiff competition from Samsung, which last week unveiled the world’s first smartphone with the Windows Phone 8 software that the Lumia 920 will use, as well as new models from HTC and Google’s Motorola.