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 Finally Joins the Android Phone Club

NEW YORK ( TheStreet) -- Nokia (NOK - Get Report) -- soon to officially be a division of Microsoft (MSFT - Get Report) -- is making Android phones? That's hard to believe.

When Stephen Elop took over at Nokia a few years ago, he had three choices to make as soon as he got the job: keep developing the company's in-house, open-source mobile operating system; switch over to what nearly everyone else in the industry was doing -- making Google's (GOOG) Android OS phones; or take a deal being offered by Microsoft to drop everything else and start making Windows Phones exclusively.

Elop chose to kill his company's terrific N9 and any future MeeGo OS smartphone, reject Android and accept Microsoft's offer.

Ultimately, the move helped Nokia become the No. 1 Windows Phone company on the planet but didn't help Elop to the top spot at Microsoft. That's why it was amazing to see the same Elop (now a Microsoft senior vice president) take to the Nokia stage in Barcelona overnight to announce Nokia's first and probably last Android smartphones.

Nokia shares were advancing 0.27% to $7.48 in premarket trading on Monday. 

The new "X" line consists of the X, the X+ and the XL. All sport Nokia's colorful outer shells. Specification-wise the phones are mid-level devices. The new phones are made to fit in between Nokia's Asha line of super-inexpensive phones for developing markets and it's Lumia line of Windows Phone OS models.

The new phones are 2G/3G (no 4G/LTE in sight) and all use dual-core, 1.0 GHz Qualcomm (QCOM) processors and are dual-SIM capable. The new X model has a 4-inch IPS screen (800 by 480), 512 MB of RAM and a 3 megapixel, fixed-focus rear camera. The X+ adds a little more RAM (768 MB) and a 4 GB storage card. The top-of-the-line XL phone jumps to a 5-inch screen and a 5 MP camera on the back and a 2 MP camera up front.

Despite the obvious tile-based tip-of-the-hat given to Windows Phones' look and feel, the Xs also come loaded with a package of Nokia/Microsoft apps such as Skype, HERE Maps, MixRadio and others.

The Nokia X is non-contract priced at 89 euros ($122  and will go on sale immediately in Asia-Pacific, Europe, India, Latin America, the Middle East and Africa. The Nokia X+ (99 euro/$136) and Nokia XL (109 euros/$150) are expected to roll out in the same markets beginning early in the second quarter.

Nokia also announced two new, very low-cost phones which probably will never be sold in the United States. The Asha 220, Nokia's lowest priced data-enabled model will retail for 29 euro/$40 and the Asha 230 a touch-screen feature-phone selling for 45 euros/$62).

-- Written by Gary Krakow in New York.

To submit a news tip, send an email to tips@thestreet.com.

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
NOK $7.22 -1.63%
MSFT $46.90 -1.10%
AAPL $132.54 0.88%
FB $80.54 0.07%
GOOG $540.11 -0.44%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs