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 Technology company Alibaba posts job advert asking for 'stunning' women with qualities of adult film actress Sora Aoi
- 2 How the language you speak changes your view of the world
- 3 'Fire at every person you see': Israeli soldiers reveal they were ordered to shoot to kill in Gaza – even if the targets may have been civilians
- 4 Italian police 'reveal' what Jesus looked like as a young boy
- 5 Uploading pictures to find out how old you are gives Microsoft the right to post them wherever they want
'Fire at every person you see': Israeli soldiers reveal they were ordered to shoot to kill in Gaza – even if the targets may have been civilians
Italian police 'reveal' what Jesus looked like as a young boy
Who should I vote for? The Independent quiz matches best political party for undecided voters ahead of the general election
First-time buyers in London 'need to earn at least £77,000'
General Election 2015: Photographic history of Bullingdon Club tracked down - including new picture of David Cameron in his finery
In defence of liberal democracy
Over 50,000 families shipped out of London boroughs in the past three years due to welfare cuts and soaring rents
EU asylum policy is 'a direct threat to our civilisation', says Nigel Farage
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...
£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...
£215 per day: Ashdown Group: Junior Project Manager (website, web application ...
£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...