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TheStreet Open House

Nokia Delivers Where BlackBerry Fails

The Nokia Lumia 1020 is an exciting phone for those who want greater picture quality. I love taking pictures on my phone. I have a Canon (CAJ) T4i Camera and it delivers much better pictures than my Samsung S3, but unless I'm going somewhere that requires the need for it, I use my phone. With new and better phones in the pipeline, a Windows-based Nokia phone makes a compelling option.

Microsoft's continued drive to accelerate its lineup of consumer options appears to be the right direction for the company. The new Nokia phones will undoubtedly play well with Microsoft's SkyDrive online office suite, offering to counter Google's online office apps. For outlook and Windows users, SkyDrive has a more familiar look and feel, plus SkyDrive offers greater online storage for free.

The challenge, of course, is to grow market share in a space Microsoft doesn't dominate. Growing from behind isn't exactly new territory, as demonstrated in the last couple years of market-share growth for the Xbox.

If Microsoft's smartphone business grows and becomes a significant participant, Windows' mobile software could turn into a revenue source, not unlike Apple's. We can anticipate continued Microsoft growth through Nokia's Oct. 22 announcement, especially considering BlackBerry's sales are now up for grabs.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Robert Weinstein is an active trader focusing on the psychological importance of risk mitigation, emotion and financial behavior of market participants. Robert co-founded the investing blog StockSaints, where he writes a journal about his trading activity and experiences.

In addition to TheStreet, Robert also contributes to Real Money Pro, providing real-time trading ideas for stocks, options and futures.

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