Several years ago, Nokia was the world’s largest manufacturer of mobile phones. The company offered some of the first popular mainstream mobile phone models like the 5110 and 3310.
Unfortunately, Nokia has not had such good fortunes in recent years. The company has been largely unable to compete with phones released from the likes of Samsung and Apple. These manufacturers are responsible for the market leading Android powered Galaxy series, and of course Apple’s popular iPhone line. Nokia uses none of these operating systems, so its market share is tiny in comparison.
One of the operating systems which Nokia does have a good track record with though is Windows Phone. Microsoft will be unveiling the latest instalment at the end of the month called Windows Phone 8. Nokia has formed a strong partnership with Microsoft, and will be launching two new handsets in its Lumia range to showcase the latest version of the software.
Nokia is pinning its hopes on the success of these models in its attempts to find its way back to the top. Because it has lost out on sales to competition in recent years, it now has a much lower share prices and reduced credit ratings. As a result, the Finnish manufacturer is now attempting to raise capital for its future products. Reuters has reported that the company is attempting to raise $972 million in bonds which can then be converted into shares.
The Nokia Lumia 820 and the Nokia Lumia 920 look like they will be popular devices. One look at their spec sheet confirms that these are among the most impressive handsets from Nokia in recent years. There has already been a very good market response to the Lumia 920 in particular, with retailers in Italy and the US reporting sold out pre-order stocks of the device.
