Northern, WI 05/13/2013 (usastockreport) – In a move to win back its market share from Samsung Electronics Co. (KSE:005930) and Apple Inc. (NASDAQ:AAPL) (closed: $452.97, Down by 0.83%), the Espoo, Finland based Nokia Oyj. (HEL:NOK1V) (Closed: EUR2.91, Up by 3.12%) has planned to sell its smart phone through Verizon Wireless.
Nokia Lumia 928
Nokia Oyj. (HE:NOK1V) is to release its new version of smart phone Nokia Lumia 928 to the US market at $99 after the $50 mail in rebate. The two years contract with Verizon Wireless, which has about 100 million customers, is the first of its kind in which Nokia Oyj. (HE:NOK1V) would sell its smart phone Lumia through another company. The smart phone is provided with 4.5 inch screen and 8.5 megapixel camera and enables the users to charge the phone cordlessly.
Microsoft Corp. (NASDAQ:MSFT)
The smart phone of Nokia Oyj (HEL:NOK1V) will now be based on Microsoft Corp. (NASDAQ:MSFT)’s Windows phone software, similar to the previous versions of Lumia. In addition, Nokia Oyj. (HEL:NOK1V) had also agreed to follow the Android phones of Apple and Google by pushing Microsoft Corp. (NASDAQ:MSFT)’s (closed: $32.69, Up by 0.09%) phone software. Further, the customers who buy Nokia Lumia 928 will now get $25 credit to download Microsoft applications and games.
The share price Nokia Oyj. (HEL:NOK1V) jumped by about 3.8 percent following this announcement of the contract managing to compensate for this year’s loss in the share price of about 4.2 percent in the Helsinki Stock Exchange.