• Racial redress

    The next adult generation is at risk of being polarised on the basis of skin colour, says Solly Moeng.

  • To do list

    Keep separate lists to ensure your to-dos don't get cluttered and gain stress-free productivity, Ian Mann.

  • Clueless leaders

    Zim's leaders are clueless about managing the economy or leading the nation, says Malcom Sharara.

All data is delayed
Loading...
See More

Nokia launches cheaper phones

Feb 26 2013 14:36
AFP

Barcelona - Nokia, once the leader of the mobile phone world, unveiled Monday two new Windows Phone-based Lumia smartphones aimed at the cheaper end of the market.

The Finnish group revealed the Nokia Lumia 720 and Nokia Lumia 520 on the opening day of the world's biggest mobile fair, the Mobile World Congress, in Barcelona, Spain.

"The momentum behind Nokia is gathering pace," said Nokia chief executive Stephen Elop.

"The launches today reflect our commitment to broadening our devices and services portfolio to meet the demands of people and businesses around the globe."

The Nokia Lumia 720 has a camera with Carl Zeiss optics and has a starting price of €249 ($330) before taxes, with a rollout due to start in Hong Kong, Vietnam and Singapore in the first quarter.

The Nokia Lumia 520 would be priced at just €139 pre-tax, it said, the cheapest of its Windows Phone 8 devices, launching first in Hong Kong and Vietnam in the first quarter of this year before a broader release in the second quarter.

Nokia said it would bring the Lumia 720 and the Nokia Lumia 520 to China.

Last month, Nokia posted a net profit of €202m in the fourth quarter, its first quarterly profit for 18 months.

But the beleaguered company, which is trying to cut costs, said that it would not pay a dividend to shareholders for the first time in more than 20 years.

In the three months ending December 31, Nokia made a net profit of €202m compared to a loss of €1.07bn in the same quarter a year ago.

The company sold a total of 86.3 million devices during the quarter, including 4.4 million Lumia smartphones, its new flagship product developed with Microsoft.

Nokia said at the time that the numbers were better than expected.

Still, net sales of smart devices fell 55% in the quarter to €1.2bn on a yearly basis as volumes fell.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

nokia  |  mobiles

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Labour’s call for a cap on salary of high earners is?

Previous results · Suggest a vote

Loading...