“Nokia Oyj plans to start selling a Lumia smartphone with a high-resolution camera, the Finnish handset maker’s latest effort to revive its comeback bid,” Adam Ewing, Scott Moritz, and Madeline McMahon report for Bloomberg.
“The Lumia 1020 has a 41-megapixel camera, allowing users to take crisper pictures and video through a technology called ‘oversampling,’ Chief Executive Officer Stephen Elop said yesterday at a press conference in New York,” Ewing, Moritz, and McMahon report. “AT&T Inc. will sell the phone for $299.99 with a two-year contract starting July 26, Nokia said.”
MacDailyNews Take: Correction: “AT&T will try to sell the phone…”
Ewing, Moritz, and McMahon report, “Nokia’s previous attempts to focus on high-quality cameras, such as the 41-megapixel Nokia 808 PureView introduced last year, have failed to halt declining sales.”
MacDailyNews Take: Insanity is doing the same thing over and over again but expecting different results. — Rita Mae Brown
Ewing, Moritz, and McMahon report, “The Espoo, Finland-based company’s smartphone unit sales plunged 49 percent in the first quarter as Lumia shipments didn’t rise enough to offset plummeting demand for older models… One of the first smartphone makers, Nokia dominated with a global market share topping 50 percent before Apple’s iPhone and Google Inc.’s Android software were introduced about six years ago.”
MacDailyNews Take: Let’s not revise history, shall we?
Here are the correct dates:
• Apple’s iOS, known then as iPhone OS, was unveiled on January 9, 2007 and released on the original iPhone on June 29, 2007.
• The first commercially available phone to run Google’s Android was the HTC Dream, released on October 22, 2008.
Here’s what Google’s Android looked like before and after Apple’s iPhone:
Ewing, Moritz, and McMahon report, “Nokia’s market share has since collapsed to about 3 percent, according to IDC. The slump has pushed Nokia to losses and forced it to cancel its dividend for the first time in at least 143 years. Nokia’s debt rating was cut last week one step deeper into junk by Standard & Poor’s, which said the handset maker’s net cash may tumble after it agreed to buy Siemens AG (SIE)’s share in their network-equipment venture for 1.7 billion euros.”
Read more in the full article here.