This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nokia Lumia 1020 Outdated by Christmas?

NEW YORK ( TheStreet) -- On Thursday, Nokia (NOK - Get Report) hosted a big event on a New York City pier proudly introducing their upcoming Lumia 1020 smartphone to the world. One day later it appears the handset could possibly be outdated by the end of the year.

That's not to say the phone won't be usable next year. A move like that would be corporate suicide for all involved. What it means is that this technologically advanced marvel of a digital camera/phone, which goes on sale next week, could face stiff competition from even more technologically advanced models within a few months.

According to a report on The Verge, Microsoft (MSFT - Get Report) is currently working on a number of improvements and upgrades to its Windows Phone designs. There could be a small software update within weeks (to match the upcoming Windows 8.1 update for PCs, laptops and tablets) and another, larger update by the end of the year.

But, it's the rumored hardware update that could spell trouble for consumers. Microsoft is reportedly hard at work preparing the platform for the addition of quad-core processors ( Apple (AAPL - Get Report) iPhones and Google (GOOG) Androids have had them for awhile) and larger touch screens (maybe 5-to-6 inches diagonally).

That means, no matter how incredible Nokia's Lumia 1020 really is (and what we witnessed Thursday did seem incredible) a few months from now there will be Windows-based phones with better-performing Qualcomm (QCOM - Get Report) processors and larger, higher-resolution screens than Microsoft currently allows in their Windows phones.

Of course, the Lumia 1020 will be able to accept whatever software upgrades Microsoft allows in the future. But, you won't be able to retrofit the device to accept a larger screen or faster processor.

Add AT&T's (T - Get Report) announced pricing to the equation and you have what could become a public relations nightmare. AT&T will be asking $300 for the new Nokia camera/phone with the usual two-year contract. That's a lot of money to lay out for any smartphone -- especially a Windows phone (usually priced less than top Android and iPhone models). That will be especially true knowing that a few months from now there will be better models available at the same price or cheaper.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $124.75 0.00%
MSFT $41.62 0.00%
NOK $7.62 0.00%
QCOM $67.12 0.00%
T $32.51 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs