Analysts' thumbs down for smartphones sees shares tumble at Nokia
Thursday 06 September 2012
Shares at the troubled Finnish mobile giant Nokia tumbled by 13 per cent yesterday as analysts gave a thumbs down to its new range of Windows 8 smartphones.
Nokia staged a glitzy launch in New York rather than its native Helsinki to unveil two devices, the Lumia 920 and 820, which are the result of its alliance with Microsoft.
But analysts were not impressed with Nokia's decision to invest in high-quality camera technology as a way to stand out against better-selling rivals Apple and Samsung.
The Lumia 920, the flagship device, has "augmented reality" software which means that when you point the camera at a city street, it overlays maps and information about local restaurants and shops on the screen.
Users can also take photographs and video without a flash at night because the camera "is able to take in five times more light than competing smartphones", Nokia said.
Other new features include a wireless phone charger and a high-sensitivity touchscreen which can even be operated using gloves.
Some observers praised the Lumia 920. "The device is undoubtedly a desirable, impressive piece of kit," said David McQueen, a principal analyst at research firm Informa. "The company may have finally bottomed out in the smartphone market."
The stakes are high for Nokia's chief executive, Stephen Elop, as the company, once the market leader in mobile, has fallen badly in smartphone sales and also lags in the fast-growing tablet sector.
Amazon is set to unveil a new versions of its Kindle Fire tablet today and Apple is launching its iPhone5 next Wednesday.
- 1 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 4 Tennis fan suing Australian Open organisers for 'failing to shade spectators' during Murray match
- 5 This crazy skiing video will leave you feeling queasy
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
AirAsia QZ8501: Black box reveals warning alarms 'screamed' before crash, as more bodies recovered from near fuselage of jet
Rob Lowe hits out at White House decision not to meet Israeli leader
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...