Nokia Corporation (ADR) (NYSE:NOK)’s Lumia 929 Smartphone Might Be Launched at Verizon


Dallas, Texas 11/19/2013 (Financialstrend) – Nokia Corporation (ADR) (NYSE:NOK)’s Lumia 929 smartphone might launch at Verizon on 21st November just in time to catch the Black Friday shopping-weekend. As per the NokiaPowerUser, a Verizon insider stated that Nokia Corporation (ADR) (NYSE:NOK)’s next phone will hit Verizon’s shelves on November 21. Interestingly there is not much information about the phone & Nokia has still to announce it. There were some reports about this slated device and it is supposedly going to have a 5” display.

Monday’s trading

In Monday’s trading session, Nokia Corporation (ADR) (NYSE:NOK) rose by 0.75 00.00%. The shares opened at a price of $8.09, which touched the intraday high of $8.13 and headed to a close of $8.06. Around 31.77 million exchanged hands over the trading day and an average volume of 32.41 million shares were traded over a 30 day period. The 52-week low of Nokia Corporation (ADR) (NYSE:NOK) shares is $2.66 and its 52-week high is $8.13. The company has a market capitalization of $29.92 billion.                                        

About the company

Nokia Corporation (ADR) (NYSE:NOK) has 3 different operating segments: 1- Devices & Services; 2- NAVTEQ, and 3- Nokia Siemens Networks. The Devices & Services segment is responsible for the development and management of its portfolio of mobile products, and the designing & developing services. This includes applications & content. NAVTEQ is a provider of digital-map information & other related location-based content & services for mobile-navigation devices, automotive-navigation systems, Internet-based mapping-applications & government & business solutions.

Nokia Corporation (ADR) (NYSE:NOK)’s Siemens Networks provides mobile & fixed network-infrastructure, communications & networks-service platforms and professional services & business solutions, to various operators & service providers. In 2012 August Nokia Corporation (ADR) (NYSE:NOK) sold a portfolio that consisted of more than 500 patents & patent applications globally to Vringo Inc. In 2012 November 2012, it bought earthmine Inc.