Can the new Lumia 920 be the big savior for Nokia? The CEO, Stephen Elop hopes that the new Lumia 920 Windows Phone 8 will bring back Nokia into the smart phone race. The new Lumia and its new operating system are likely to change the fate of Nokia, but that’s quite the company feels; after all, will that happen in reality?
Microsoft has recently released the new Windows 8 Phone with fresh Metro-style interface and new features. However, the firmware will get HTC 8X signature, not the Nokia Phone, unfortunately. You can also see the new features and Metro styled interface on Samsung ATIV S, HTC’s Windows Phone 8S, and other Huawei models besides new Lumia phones. Even Windows Phone market will remain as challenging in the smart phone market.
Besides the Android phones and Apple iPhone, Nokia will offer handsets with Windows 8. The vital question will be whether company can endure the fight or not. Analysts think that it is the last chance for Nokia to stick to the market. After the crash of new Windows 7 Phone, the company is completely relying on the new 920 and Lumia 820; if they fail, the company doesn’t have any space to stand still in the smartphone field.
First Lumia Series- Windows Phone 7
Microsoft’s Steve Ballmer and Stephen Elop announced that their initial decision to work together started in Feb 2011. As per the deal, Nokia was struggling in a huge crisis with their Symbian phones and they decided to replace Symbian phones with new Windows phones. The company will produce hardware for tablet as well as smartphones with Microsoft mobile platform.
It almost took 8 months for Nokia to turn up with new Windows phone. Initially, they introduced Lumia 800, followed by Lumia 900, and other low end models like 710 and 610. However, the result is a huge disaster. The company later announced that the new Windows 7 handsets cannot be upgraded to Windows 8. Sales of Lumia slumped from 4 million to 2.9 million in the second quarter of 2012.
Retailers withdrew promotion and marketing and no one showed interest in selling the device to customers.
Future of Nokia
It is needless to say that 1st Lumia series is completely failure model and affected the company to a big extent. Stocks of the company kept declining consistently. The company also lost influence due to incursion of Samsung and their success in Android department. Samsung is number one in the feature phone and smart phone genres.
Top 3 Gainers: Zynga (NASDAQ:ZNGA), Eros International (NYSE:EROS), Borqs Technologies’ (BRQS)
Zynga (NASDAQ:ZNGA) is up 2.5% after Benchmark reiterated its Buy rating in a look-ahead at Q2 earnings. The firm’s expecting a beat and solid guidance for Q3, and it’s raising its guidance for the fiscal year.
Tailwinds from the pandemic won’t dissipate easily, Benchmark suggests, and the videogame maker’s acquisition of Peak (and with it new “forever franchises” in Toon Blast and Toy Blast) will drive audience, bookings, margins and free cash flow, it says. The firm has an $11 price target, now implying 14% upside.
Eros International (NYSE:EROS) is up 5.8% today, making up the last week’s lost ground, after news that its streaming service Eros Now is partnering with Sony India (SNE +2.3%).
That will mean Eros Now’s app is pre-installed on selected Sony smart televisions in India, along with availability on a large base of existing models (Bravia E series and newer).
The country over the past year has seen a 25% growth in demand for smart TVs, fueled by overall industry growth of 15%, to a record 15M units/year.
Borqs Technologies’ (BRQS) personal safety tracker sees strong market with increased orders from the electronics retail chain in the US.
The boost in product demand comes ahead coronavirus pandemic that provides company to expect delivery of 250K units this year. It reflects over 3x the volume delivered in 2019, the year of its launch.
Borqs’ mobile personal safety devices designed particularly for senior citizens come with panic button, location tracking, and fall detection.
Tesla, Inc. (TSLA): US agencies investigate fatal Tesla Model 3 crash in Florida
American safety officials are looking into the circumstances surrounding another fatal Tesla, Inc. (TSLA) crash. Both the NTSB and the NHTSA have confirmed that they’re investigating a collision between a Model 3 and a semi truck in Delray Beach, Florida on March 1st. According to the police report, the truck was turning left to enter a main thoroughfare when the Model 3 crashed into the semi’s trailer, shearing off the car’s roof and killing the driver. It’s not certain if Autopilot was active, although the Model 3 kept traveling for more than 500 yards before coming to a stop.
Tesla said in a statement that it was “deeply saddened” about the collision and was “reaching out” to authorities to cooperate. The NTSB added that it typically takes one to two years to complete investigations like this.
This certainly isn’t the first time US safety agencies have investigated Tesla crashes to determine the possible role of Autopilot. However, there are unusually close parallels to a deadly incident from May 2016, when a Model S driver in Florida struck a trailer. His vehicle had Autopilot engaged and also kept going a significant distance after the crash, although investigators cleared Tesla and noted that the driver in that case ignored safety warnings. While the particular circumstances are different, it wouldn’t be out of the question for agents to compare the two cases.
Amazon (NASDAQ:AMZN), Qualcomm (NASDAQ:QCOM) Are In News On Monday
Evercore raises its Amazon (NASDAQ:AMZN) price target from $1,800 to $1,965 saying that gross profit has become a “more important indicator” than Y/Y revenue growth.
Key quote: “As such, we remain bullish on AMZN at least in part because the company’s gross profit is expected to grow ~400bps faster than revenue for AMZN over the next 3 years.”
Amazon shares are up 0.9% pre-market to $1,686.
Qualcomm (NASDAQ:QCOM) alleges in a San Diego federal court that Apple (NASDAQ:AAPL) violated three of its patents and asks for tens of millions of dollars in damages.
Qualcomm has filed a series of patent actions against Apple around the world that will conclude before the antitrust trial starting in April, which will hear Apple’s challenge to QCOM’s business model.
U.S. District Judge Dana Sabraw will open an eight-day trial today deciding whether Apple violated Qualcomm’s patents with its iPhones that contain Intel (NASDAQ:INTC) chips.
Qualcomm shares are up 0.8% pre-market to $54.65.
Apple shares are up 0.5% to $175.88.