AT&T Inc. (NYSE: T) is coming to the aid of Nokia Corp. (NYSE: NOK). As it no longer has the exclusive for the Apple Inc. (NASDAQ: AAPL) iPhone, AT&T has been free to carry any smartphone it chooses. The company said that starting in November it will offer the Nokia Lumia 920 and Nokia Lumia 820 as part of its growing Windows Phone 8 portfolio.
You have to wonder if the release was sincere because AT&T’s press release said, “The Lumia 920 will be one of the hottest phones for the holidays.” Both phones will run on AT&T’s 4G LTE network and are planned to be made available from AT&T in November.
Today’s news is probably not much of a surprise. What the Nokia lovers need to consider is that Nokia is committing to the November release date and that gets the Lumia phones selling into the key holiday season.
Nokia shares are up 1.1% at $2.69 against a 52-week range of $1.63 to $7.38 and its market cap is now almost $9.9 billion.
JON C. OGG
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
