Telecom & Wireless
AT&T Nokia Launch Too Little, Too Late? (T, NOK, MSFT, AAPL, GOOG)
Published:
AT&T Inc. (NYSE: T) has set April 8th for the launch of the Lumia 900 smartphone from Nokia Corp. (NYSE: NOK). The phone is the first to use the Windows Phone 7 operating system from Microsoft Corp. (NASDAQ: MSFT) on a 4G LTE network.
It goes without saying that Nokia and Microsoft have a lot of catching up to do, given the enormous clout that Apple Inc. (NASDAQ: AAPL) and its iPhone and Google Inc. (NASDAQ: GOOG) and its Android operating system have built up in the smartphone market. AT&T is offering the Lumia 900 for $99.99 with a minimum 2-year contract for both voice and data service.
Perhaps the biggest problem Nokia/Microsoft face is the relatively small number of apps available on the new phone. There are about 70,000 apps currently available for Windows Phone, but that is a far cry from the more than 500,000 apps available for iPhones or Android phones. Nokia/Microsoft plans to spend $24 million to juice that number, but let’s face it, the companies are starting in a big hole.
Paul Ausick
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.