Nokia (OMX: NOK1V, NYSE: NOK) revealed several new products at Mobile World Congress in Barcelona this morning. There were no shocking announcements though and the initial market reaction has been to sell the news after the stock had staged a nice run-up in anticipation.
New Lumia 610 is meant to be an affordable smartphone for younger demographic. Wide social networks access is seen as an important selling point. The phone is priced at 189 Euros and competes with lower-end Android phones with anticipated launch in Q2.
Windows software has now been updated to cover CDMA and WCDMA technologies, which means Nokia Lumia smartphones should be available in China soon enough.
Nokia’s first LTE smartphone Lumia 900 will also be made available in a DC-HSPA. Lumia 900 will be priced at 480 Euros and will also be available from Q2.
The new Nokia 808 PureView has been dubbed by the local press to boast a ”monster camera” or to be a ”mother of all camera phones”. PureView imaging technologies enable high resolution sensors (41 mexapixels) and Carl Zeiss optics plus Nokia algorithms support high-end imaging.
Nokia Asha range will be updated with several feature phones in the sub 100 euros mobile device market,- Asha 202,203 and 302. Asha 302 supports Exchange emailing and Asha 202 and 203 target young urban consumers wanting affordable games.
Since the launches do not help in time, markets are thinking first quarter numbers will be pretty terrible. The stock has settled down 5% at around 4.1 Euros after the first third of today’s trading session has elapsed.
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