Boston, MA 05/15/2013 (wallstreetpr) – The new smart phone Nokia Lumia 925 introduced by Nokia OYJ (HEL:NOK1V) left the investors disappointing without any ground breaking new features to the device. This resulted in decline in share prices of Nokia OYJ (HEL:NOK1V) by 5.2 percent after it gained by 28 percent in the past six days.
Nokia Lumia 925
The smart phone chief of Nokia OYJ (HEL:NOK1V) introduced the new Nokia Lumia 925 which was provided with metal frame and was fixed to cost $609. The smart phone enables users to take high quality pictures and video even in the presence of low lights.
However, the smart phone did not have anything new to attract the customers and did not make enough to boost the comeback bid of Nokia OYJ (HEL:NOK1V). The company is aiming at regaining the market share that it had lost to other smart phone players in the market like Samsung Electronics Co. (KSE: 005930) and Apple Inc. (NYSE: AAPL).
Color and Camera Options
The smart phone, Nokia Lumia 925 is presented with robust metal design and is available in grey, white and black colors. The phone could be charged wirelessly when placed on a special pad. In addition, the smart phone is loaded with a soft ware which enables the users to take as much as ten shots simultaneously after which the user could edit the snapshots.
Decline in market share
Despite increase in global sales of Nokia Lumia to 5.6 million units, Nokia OYJ (HEL:NOK1V) had struggled to regain market share. The company had dominated the smart phones market with 50 percent share before it declined to 3 percent due to grab by players like Apple’s iPhone and Google’s Android operating systems. This decline in market share had pushed Nokia OYJ (HEL:NOK1V) to register losses and consequently cancel dividend to shareholders for the first time in 143 years.
