Boston, MA 10/16/2013 (wallstreetpr) – Nokia Corporation (ADR) (NYSE:NOK) is all set to release its WndowsLumia 1520 handset during the second week of November. With this launch, Nokia will officially join the bandwagon of the phablets. At the same time, the phone will have add on features after Microsoft Corporation (NASDAQ:MSFT)’s effort to enhance it with new hardware and support features including HD display and quad-core processors.
As per the report, the handset will be launched by AT&T Inc. (NYSE:T) for a cost of $299 for a new two years of contract which otherwise would cost $699 without contract. The report also features detailed comprehension of what the new handset will offer to its users. It also added that some of the salient of the Lumia 1520 includes 2GB RAM, an 320 Adrenographics processing unit, a six inch full HD AMOLED display coupled with PureMotionHD+ and a density of 367 pixels per inch. The product, which will be released in three colors: white, black and yellow, will be powered by 2GHz quad core Qualcomm snapdragon 800 processor and it will come with internal storage of 32GB and 64GB.
Nokia is said to have entered into a deal with Netflix, Inc. (NASDAQ:NFLX), online film service in the UK ahead of Christmas Sales. The handset maker is largely funding the deal to to lure its customers and exploit the Smartphone market space to the fullest.The proposed deal will offer Netflix free subscriptions to customers buying the company’s select Smartphones which also includes Lumia, 625, 925 and 1020. While an annual subscription is offered to Vodafone customers, Phones 4u will provide six months Netflix subscriptions on its Nokia Windows’s Smartphones
Nokia’s shares were up 4.53% to close at $6.92 on Tuesday’s trade. Barclay has revised its rating to Nokia Corporation to “Equal Weight” from “Underweight”.