This Day On The Street
Continue to site
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 Ready For Rapid Innovation Despite Lumia Loss

Chris Lau, Kapitall: Nokia is saying goodbye to the Lumia smartphone line, but they're already tweeting about what's next. 

Nokia ( NOK ) shares are on a tear lately, largely because Microsoft ( MSFT ) is buying its handset division and signing a long term licensing agreement with the company. But there is still quite some time before the Lumia smartphone will be wholly run by Microsoft.

[Read more from Kapitall: Microsoft Follows Purchase of Nokia Smartphones with Lumia Price Cut]

In the interim, Nokia is continuing to demonstrate it has a rapid innovation cycle. There are hints the company will keep diversifying into 2014, when it is no longer in the handset business.

More to share

Nokia posted a teaser on its Twitter account, tweeting “At Nokia, we never stop innovating. More to share on October 22,” and included this image:

nokia tweet














Even after successive releases of Lumia devices - from the budget Lumia 500 to the mid-range 700 series and all the way to the Lumia 1000 - Nokia is still promising to innovate further. And their product releases have helped solidify market share for the Windows Phone, including third place among mobile operating systems as of this past summer.

Room for growth

Nokia is already up significantly this year, but is there more room for upside?

Click on the interactive chart to see data over time. Sourced from Zacks Investment Research. 


Contrary to a report from Reuters , Nokia could announce the Phablet, a Lumia 1520, at the October 22  event. It is also possible that an RT tablet could be announced. Either would be a good push for Microsoft’s mobile efforts. Competition is stiff. The tablet market is filled with devices costing less than $300. Any tablet announcement would benefit from Nokia releasing a device that is comparably low. Otherwise, the “innovation” might be met with weak sales.


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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs