Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Beleaguered mobile device manufacturer Nokia Corp. (NOK - Analyst Report) is expected to unveil its first tablet on Oct 22, 2013 at an event in Abu Dhabi. Recently, the U.S. Federal Communications Commission (FCC) has approved Nokia’s tablet, which will run on Windows operating system developed by Microsoft Corp. (MSFT - Analyst Report).

The device will provide 4G LTE network support for bands 2, 4, 5, 13, and 17 together with HSPA+ and GSM/EDGE networks. This tablet will be operational for three major wireless operators in the U.S.: Verizon Communications Inc. (VZ - Analyst Report), AT&T Inc. (T - Analyst Report) and T-Mobile US Inc. (TMUS - Snapshot Report).

Nokia has decided to launch 6 new handsets on Oct 22. One major device will be Lumia 1520 phablet (tablet with phone facility). This device will run on Qualcomm Inc. (QCOM - Analyst Report) developed next-generation quad-core Snapdragon 800 processor. This device will also feature 2GB of RAM, 32GB of built-in storage facility, a nano SIM, a microSD card slot, a 20-megapixel rear camera and a 6-inch full-HD display.

Nokia has entered into an agreement to sell its Mobile Devices and Services segment to Microsoft for approximately $7.2 billion. The deal expected to be closed by the first quarter of 2014. Nokia has provided a grim outlook for the third quarter of 2013 and has declared that its Devices & Services operating margin to be approximately negative 2%, plus or minus 4%.

In 2012, the company lost its market leadership position to Samsung in the global mobile phone market. Samsung’s smartphones based on Google Inc. developed Android operating systems significantly impacted Nokia’s market share. The Oct 22 event will be the last important show for Nokia regarding its mobile devices before this division gets divested to Microsoft. Nokia currently has a Zacks Rank #3 (Hold).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GROUP DXYN 15.84 +7.90%
BOFL HOLDING BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%