In China, Nokia’s Lumia 920T will be launched by local carrier China Mobile by the middle of November. Nokia Corporation (ADR) (NYSE:NOK) said that they have significant interest in Windows Phone 8 in the coming future. Nokia Corporation (NOK) will register Windows Phone 8 as a permanent feature of their handsets.
Chief executive officer of Nokia Corporation, Stephen Elop, said that the majority of handset owners will soon stop purchasing Android smartphones and iPhones, and they will switch towards another option for their handset, which is Windows Phone 8 devices.
Nokia Corporation (NOK) is concentrating on all Nokia handsets carrying Windows Phone 8 which will financially aid the company in Q4, Nokia interest in Windows Phone 8 will mark a positive prospect for its fiscal year 2013 as a whole,. As the company recent earning released suggest that it is facing $1.3 billion loss, which marks the company’s sixth back-to-back quarter where it reported a loss.
Nokia’s upcoming Lumia 920 is powered by Microsoft Corporation (NASDAQ:MSFT)‘s Windows 8, which will be release in November. Last year, in February 2011, Nokia and Microsoft declared their partnership deal; according to the deal, Nokia (NOK)’s hardware will take up Windows Phone as its principal smartphone policy.
In spite of using Microsoft Corporation (MSFT) Windows Phone for its hardware it will also contribute to Microsoft in marketing, price points and geographies.
Microsoft Corporation (MSFT) and Nokia will also work together on a joint marketing plan and a shared development plan for the future development of mobile products.
The Microsoft new operating system features multiple device integration and high levels of security. Microsoft is security sensitive and due to this reason many users rely on it, in addition to Nokia, Samsung and HTC also wans to switch to another option for their OS in recent weeks.
In the last session, Nokia Corporation (NYSE:NOK) shares soared 2.55% to $ 2.81. NOK shares price rose 4.67% from its 20 days moving average and positively up 1.98% from 50 days moving average. Its earnings per share for this year experienced a fall of -162.97%. NOK weekly performance was 4.85% , monthly was at 1.44%, quarterly was recorded as 59.66% and yearly was -54.08%.
Microsoft Corporation (NASDAQ:MSFT) stock in last session slid -2.23% to $ 28.00. MSFT’s shares price decrease -5.58% from its 20 days moving average, and negatively fell -7.60% from its 50 days moving average. Earnings per share of experienced a fall with -25.91%. Weekly performance was -5.12%, monthly was at -10.23%, quarterly was 3.31% and yearly was 5.94%.