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Nokia stock plunges 16% after new Lumia announcement

Posted: , by Victor H.

Nokia stock plunges 16% after new Lumia announcement
Nokia just unveiled its brand new Lumia smartphones coming with features like the impressive camera on the Lumia 920 with outstanding low light performance and top notch image stabilization “floating lens” technology. The Nokia Lumia 820 on the other hand comes with a more affordable price tag and keeps some of the awesome features of the 920 like the wireless charging.

But are investors impressed? The initial reaction is a maybe somewhat surprising but very clear no. Nokia’s share value has plunged by 16% in the minutes after the company unveiled its new Lumia lineup.

Part of that might be due to expectations for a different PureView imaging technology, something more like the 41-megapixel mega sensor on the 808 PureView Symbian smartphone. Instead, Nokia has made it clear that PureView is a brand, a term standing for outstanding image quality, but not a particular technology. Are you happy or disappointed? Cast your votes and let us know your thoughts in our poll here.

Nokia share price stumbles after Lumia announcement.

Nokia share price stumbles after Lumia announcement.

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posted on 05 Sep 2012, 16:06 26

1. rusticguy (Posts: 2828; Member since: 11 Aug 2012)

Elop's elopement isn;t working. Time for Nokia to start thinking Android. If they don't then they will just be a phone hardware wing of M$ soon :(

posted on 05 Sep 2012, 16:12 23

3. protozeloz (Posts: 5396; Member since: 16 Sep 2010)

I was thinking they could make at least one android device, it would probably sell more that its WP lineup, I already saw a couple of ppl wanting nokia's hardware on android

posted on 05 Sep 2012, 16:16 2

5. haseebzahid (Posts: 1853; Member since: 22 Feb 2012)

they been saying unique and distinctive and i hope u know what that means android is a market full of crowd with nothing left to improve or compete

posted on 05 Sep 2012, 16:24 18

9. kanagadeepan (Posts: 922; Member since: 24 Jan 2012)

My friend, please remember...

1. With HEAVY competition, comes great INNOVATION... (No competition = NOT much Innovation)
2. However perfect one may be, there is still room for improvement..

Even, if they arrived too late to Android, they can differentiate from others with say xenon-camera, Meego styled skin, budget DualSIM (only Sammy is branded competitor here), OVI-HUB in PlayStore, etc...

posted on 05 Sep 2012, 16:53 14

19. darac (Posts: 2156; Member since: 17 Oct 2011)

Android Nokia Lumia with meego style- modifications!
That's would indeed be it, my friend.
You are a smart one

posted on 05 Sep 2012, 18:58 1

40. gwuhua1984 (Posts: 1237; Member since: 06 Mar 2012)

That's exactly how I pictured Nokia would come back with Android...

posted on 06 Sep 2012, 01:40

60. whysoserious (Posts: 318; Member since: 20 Jul 2012)

Don't forget about the Nokia maps/navigation. They can dich out google maps/places/navigation and replace it with their own. That's the only thing I love about Nokia, together with their imaging technology.

posted on 05 Sep 2012, 16:50 1

16. rusticguy (Posts: 2828; Member since: 11 Aug 2012)

IMHO it's doesn't need a complete facelift to stand out from crowd. Just one little thing could make all the difference. If they make droid phones it will be better than their good honeymoon that they were expecting with and It isn't happening for sure as tsunami of android is too huge (and powerful it seems) ...

posted on 05 Sep 2012, 19:01 2

41. pegasso (Posts: 275; Member since: 27 Nov 2011)

"not unique" is better option than "not selling any phone"

posted on 06 Sep 2012, 01:49 2

61. cheetah2k (Posts: 1577; Member since: 16 Jan 2011)

They need to revive MeeGo

posted on 05 Sep 2012, 16:40 1

13. rusticguy (Posts: 2828; Member since: 11 Aug 2012)

I am still admire their HW. Nokia is perfect example of what damage Trojans can really do.

posted on 05 Sep 2012, 16:46 3

14. Dr.Phil (Posts: 1163; Member since: 14 Feb 2011)

I think part of the problem was that a lot of the features of WP8 are not yet revealed, so it kind of put a damper on Nokia's announcement. They were able to show off features exclusive to their phone, but they weren't able to show features that may not be revealed until October. Also, I think people were expecting a phone that was different in design from the Lumia 800 and Lumia 900 (not to say that the design isn't good because I actually like it). It didn't help that the devices were already leaked days in advance of the announcement. I think they needed to have some sort of secret device that showcased a brand new design language, sort-of like the news today that there would be a new phone coming out next year with a design similar to the Zune HD. I just don't know if today was the best day to announce the devices just because Microsoft is not letting alot of the features of the phone be known. Not to mention that everyone is now looking to September 12th, even those that don't really care for the iPhone, because the iPhone captures a good majority of attention. I think that if they had announced something today that was more ground-breaking (and unexpected) that would have put Apple and Google on the defensive it would have been great. I am still impressed with Nokia though. I do agree that they may have to start not only considering making phones with different OS' again but also consider making hardware partnerships. They have some leeway with Microsoft, so I think it is possible for them to possibly make a deal that would say they are allowed to make phones with different internal specs than the competition. I would love to see a WP8 device with an Intel processor or a Tegra 3+ processor (I was going to say Exynos as well but then Samsung would want to do the same).

I think this all may just go back to Microsoft and possibly reconsidering the whole "same experience across all devices". I understand having the same OS across the devices, but I think the manufacturers should be able to offer different specifications tailored to the customers. Microsoft could still dictate that a device have minimum specifications to their wanting (so as to ensure that the OS is still operating smoothly so the consumer does not have a bad experience with the OS), but again I believe there should be more leeway with offering differences in the internal hardware. Just my opinion...

posted on 05 Sep 2012, 16:53 2

18. rusticguy (Posts: 2828; Member since: 11 Aug 2012)

Feature not shown for me it means not yet ready and that's a dangerous sign for not just nokia but WIN8 in general. I would never put my money just by looking at those tiles.

posted on 05 Sep 2012, 17:11

21. Dr.Phil (Posts: 1163; Member since: 14 Feb 2011)

Not ready or possibly waiting until Apple makes its announcement of the next iPhone. You don't want to give your competition any help especially when you are trying to gain more market share and show that you are different. That's why I think they should've just waited altogether until October to make these announcements. It's better to let people have a hands-on a final device instead of one that seems to be locked down.

posted on 05 Sep 2012, 16:51 7

17. som (Posts: 768; Member since: 10 Nov 2009)

Yellow, red and blue phones look like a cheap toy it turn down investors mind.

posted on 05 Sep 2012, 19:22 3

42. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010)

I suspect some of the drop is due to not knowing when the new phones will ship. No ship date = no revenues from the new phones.

posted on 05 Sep 2012, 21:54 1

56. neutralguy (Posts: 1152; Member since: 30 Apr 2012)

I think, most of the investors pull out their investments due to the fact that lumia sales may be affected by the upcoming iPhone. They don't trust the new lumias to elevate the nokia.

posted on 05 Sep 2012, 16:10 23

2. 2pe_2pe (Posts: 14; Member since: 17 Feb 2012)

most investors dont even know the difference between a well-developed camera sensor from just numbered pixel branding.

posted on 05 Sep 2012, 18:36 11

33. redmd (Posts: 1268; Member since: 26 Oct 2011)

It's the view of the general public. Nokia should have upped their MP just to catch the attention of people. Numbers alone will turn heads of many regardless of image quality.

posted on 05 Sep 2012, 18:46

38. jroc74 (Posts: 6005; Member since: 30 Dec 2010)

The stock going down is odd.

Yea....folks need to do research. Which makes me wonder....didnt they research before buying stock in Nokia? Dont they research the products Nokia put out?

I plan on getting the Maxx HD...but I voted for Nokia on which innovation you waited for the most. better out door viewing, better camera, better refresh rate? These folks must dont have HDTV's...just the chance for better refresh rate woulda kept me as a stock holder.

posted on 05 Sep 2012, 19:39 3

46. denied911 (banned) (Posts: 361; Member since: 31 May 2012)

but why do you need more than 60 fps ?
do you have eyes like fly or something ?

posted on 05 Sep 2012, 19:46

48. jroc74 (Posts: 6005; Member since: 30 Dec 2010)


posted on 06 Sep 2012, 07:20

64. jroc74 (Posts: 6005; Member since: 30 Dec 2010)

Good job skipping over me posting about better out door viewing, better camera...

posted on 05 Sep 2012, 18:46

39. rusticguy (Posts: 2828; Member since: 11 Aug 2012)

Investors are only interested in "Commercial Exellence"

posted on 05 Sep 2012, 16:14 4

4. haseebzahid (Posts: 1853; Member since: 22 Feb 2012)

well thats explain how blind world can get and ignorant about technology despite the fact it takes awsome pics some guys still want a big fat phone with 41MPx even if the smaller can do the job fine.WAKEUP its a smartphone not a cameraphone

posted on 05 Sep 2012, 19:26

43. aoikemono27 (Posts: 177; Member since: 27 Feb 2012)

WAKEUP! It's a smartphone, not a BLIND PHONE!

posted on 05 Sep 2012, 16:16 8

6. kanagadeepan (Posts: 922; Member since: 24 Jan 2012)

I was NOT disappointed by PureView phase-2 or whatever they called... But I was disappointed when they cheated in the photos taken with Lumia920 (actually with hardware image-stabiliser)...

posted on 05 Sep 2012, 16:21 1

8. haseebzahid (Posts: 1853; Member since: 22 Feb 2012)

ow i missed the real part then it wasnt a PnS camera it was a moblie cameras holder where more then one phone was fixed to take video at same time as u noticed both videos blury and stable are same there was no retake with second camera one go 2 cameras and its just PA hate to nokia that they started highliting that without verifing or thinking.please go see the video again with the point i am saying in mind and even with hardware Image stablizer mobile will get car bumps

posted on 05 Sep 2012, 16:19 2

7. iDroidx650 (Posts: 78; Member since: 26 May 2010)

Stockes went down because the iPhone 5 will be announced and released before this comes to market. You could say goodbye to their sales.

posted on 05 Sep 2012, 16:29 8

10. wassup (Posts: 565; Member since: 23 Jun 2011)

to the people saying nokia shouldn't make Android because they wouldn't be unique anymore, SHUT UP!
Android is better than WP8, and is easily customisable, and Touchwiz looks unique, Sense looks unique, Motoblur looks unique, and stock 4.1 looks unique.
so STFU...
I'm with Samsung because their S3 is going to be the best phone this year, including the new iPhone.
If nokia releases an Android Phone, i'm buying it.
Loads of other people also think that, not only me

posted on 05 Sep 2012, 18:08 1

29. luxzy801 (Posts: 140; Member since: 16 Jun 2010)

Hey, I used to say that about windows mobile (WinMo is better than iPhone, more and easily customizable), yea, didnt really help.
There is very little room in the android arena, if they go to Android, they will turn out like Huawei or ZTE, or more along Nokia lines, Sony. Sony is barely starting to puncture the market and not making a lot of money, look at the Tablet S or the XPERIA series, people would rather go for Sammy or HTC or Moto, this would be Nokia. They switch now, and there will be no more Nokia

posted on 05 Sep 2012, 20:11

52. Alistaire (Posts: 132; Member since: 13 Apr 2012)

UI is just personal preference...like you prefer Android.

I thought iOS is the best until I switch from Iphone 4 to Lumia 900. And now I love WP7.5 and want to get WP8. I'm a mac user since 1998 but will for the 1st time getting a W8 tablet.

Both my sisters using HTC One X and SG3... Play with those phones and just find android too cluttered.

It is just personal preferences. And really on the average usage level, they all do the same things.

posted on 05 Sep 2012, 16:30

11. McJobs (Posts: 107; Member since: 08 Jul 2012)

Nokia Lumia 920 availability


posted on 05 Sep 2012, 16:40 2

12. paulyyd (Posts: 338; Member since: 08 Jan 2011)

haha I don't see why everyone likes these new phones. Mediocre at best

posted on 05 Sep 2012, 16:46 3

15. Madman_01 (Posts: 1; Member since: 05 Sep 2012)

I liked the concept of OIS and other Pureview phase 2 stuff... But seriously has anyone notice the difference with image quality?! 808 caught my attention at that time because its field depth was comparable to a DSLR. 920 has aperture 2.0 but for what?!.. None of the photo till now has that blurry effect of a DSLR that 808 gave us.... Still I'm waiting. But till now disappointed.

posted on 05 Sep 2012, 16:54

20. Veigald (Posts: 290; Member since: 13 Jan 2012)

Not worrying that the stock drops like that, there are a lot of short term speculators selling off for profit after buying during the run up to the launch. If the stock drops for two more days it will be worrying, though.

posted on 05 Sep 2012, 17:14

22. Loubielou (Posts: 508; Member since: 11 Jul 2012)

Why could every Symbian phone have a Radio on it,an the No Radio on the Lumias,Radios as been one of the Top Functions on Phones,so how can that be a good idea from Nokia,they will panic now an get some application created to get the radio functions on the Lumias,but what about Bluetooth Sending an Recieving is it available on the New Lumias or not,

posted on 05 Sep 2012, 17:19

23. Allen3697 (Posts: 86; Member since: 26 Mar 2012)

Oh my god! Death. I really want them to succeed.

posted on 05 Sep 2012, 17:23 2

24. DontHateOnS60 (Posts: 867; Member since: 20 Apr 2009)

This was a given with all the hype surrounding this launch and the 920 being a let-down, not totally, but close. People were expecting the world here, with visions of the ultimate smartphone loaded with almost every spec especially an 808 PureView like camera. I really hate to say it but outside of a few cool features like the ultra sensitive display and camera performance which we still have to see, the Samsung ATIV S looks to be a better choice, especially for someone like me who needs more memory and was hoping for microSD expansion on a high end device for all my movies and music. Samsung pulled through. Nokia, as usual it seems, falls short again. Wish I bought their stock at $1.82 instead of $2.16.

posted on 05 Sep 2012, 17:23 1

25. ilkinandr92 (Posts: 47; Member since: 07 Aug 2012)

Nokia Lumia Droid Specs 13mp xenon-camera, 2 gigs ram, 1.5Ghz Quad-Core Krait, LTE, 8/16/32 gigs storage, PureMotion HD+ Screen, MicroSD card, 2500mAh+ battery and unlocked Bootloader = Dream phone

posted on 05 Sep 2012, 18:39

35. redmd (Posts: 1268; Member since: 26 Oct 2011)

Stocks rises 50% after your announcement. Nokia should try it.

posted on 05 Sep 2012, 18:42 1

37. redmd (Posts: 1268; Member since: 26 Oct 2011)

LG Optimus G anyone.

posted on 05 Sep 2012, 20:06

51. ilkinandr92 (Posts: 47; Member since: 07 Aug 2012)

so would get it if u could unlock bootloader =/

posted on 05 Sep 2012, 17:54

26. amazinghorse (Posts: 38; Member since: 14 Dec 2009)

If memory serves, the iPhone 4S was widely panned by critics as a huge let down. Apple's stock price fell heavily (for Apple) and the moon turned to blood. And then the 4S went one to be the biggest selling most profitable mobile device of all time. With Microsoft pushing the whole Windows 8 enchilada this Q4 I wouldn't order Elop's pinkslip yet.

posted on 05 Sep 2012, 17:57

27. ckingt4 (Posts: 26; Member since: 15 May 2012)

Could it be because of the marriage to AT&T? Why would you handcuff yourself to apple's best bud? 820 is not impressive enough to go against the iPhone 5 and the great android offerings at vzw.

posted on 05 Sep 2012, 18:04

28. CX3NT3_713 (Posts: 2275; Member since: 18 Apr 2011)

I still think Nokia's show was better than motoblura.. I'm still going to try out the 920... nokia show not listen to Microsoft .. and grow ballz and sell now.. before its too late

posted on 05 Sep 2012, 18:18 1

30. ilkinandr92 (Posts: 47; Member since: 07 Aug 2012)

Yeh motorola presentation was sort but those phones are nice and compared to older moto phones new once have a lot less blurr wish the specs were better tho

posted on 05 Sep 2012, 18:25 2

31. amihk (Posts: 13; Member since: 04 Sep 2012)

I don't see how they can get consumers excited about the 41MP 808 with Pureview, then come out with an 8MP Lumia 920 and say that Pureview is not about the pixels but just generally about good imaging quality. At the very least, they could have put in 12MP just to bump it up to double digit territory. In my mind, Pureview was supposed to be all about lossless zooming, which cannot be achieved in a comparable way with an 8MP sensor. No they are saying it is just vague branding jargon. People point this out and get a condescending lecture about what's important in photography.

posted on 05 Sep 2012, 18:27 1

32. luxzy801 (Posts: 140; Member since: 16 Jun 2010)

I think this is just the beginning, if so, it went ok. There are still a couple of models missing that have not been introduced. A couple of months back there was a mention of a 10xx series Lumia which has not been mentioned since. It could be that Nokia and MS are waiting until everybody pulls their guns and then brings out the bazooka. In reality, Nokia is overshadowed right now by the intro of the new iPhone, Moto, Sammy, HTC and others, if Nokia is smart, they will wait until all these phones are introduced and then pull out the killers right before WP8 launch to make everyone forget about the previously announced phones. But this is all just my speculation, if this is not the case, then I think Nokia flopped a bit since there is nothing really new here, design is the same as the Lumia 900 (Which is not a bad design, but its already beed done) specs are ok, but quite a bit overshadowed by its own 808, the ATIV S and HTC WP phones along with other Droid phones.
I guess only time will tell what will really happen to Nokia here.

posted on 05 Sep 2012, 20:28

53. Alistaire (Posts: 132; Member since: 13 Apr 2012)

Design wise, I don't feel Nokia is overshadowed at all. The Nokia Lumia and HTC One are 2 of the best looking series of phones in the market.

HTC for one is also a struggling company. The difference is Nokia is still the 2nd biggest phone manufacturer in the world. After Samsung took 1 place 4 months ago. Nokia is not going to fail, or should I say it's too big to fail. Struggling yes, fail? No.

posted on 05 Sep 2012, 18:38

34. Aeires (unregistered)

And that's why I don't put a lot of faith in the stock market, it's based too much on worthless opinions that don't hold up over time. Nokia released some awesome phones, let the sales do the talking, not what some analysts think.

Nokia is doing some great things, I wish them the best.

posted on 05 Sep 2012, 18:41 1

36. redmd (Posts: 1268; Member since: 26 Oct 2011)

With stocks plunging, Nokia should do the price strategy.

posted on 05 Sep 2012, 20:34 1

54. Aeires (unregistered)

As much as I'd be first in line for a Nokia Android (preferably a Nexus), it's too early to bail. They have some great products they showed this week, just need to see how they sell when they hit the general public. The only thing that might have helped is if a WP8 phone would have been ready much earlier. Now their release is close to the next iPhone, bad timing on the OS and the OEM.

posted on 05 Sep 2012, 20:40

55. Alistaire (Posts: 132; Member since: 13 Apr 2012)

maybe, though I for one know more people switched from iphones to Android and WP... and know more will be switching or intent to switch.

posted on 05 Sep 2012, 19:32 1

44. Alistaire (Posts: 132; Member since: 13 Apr 2012)

A little disappointed that it's only 8MP on the Lumia 920. BUT BOY, I WANT IT NOW ===> Can't wait to upgrade my Lumia 900 to Lumia 920!!

I thought I'm doing a lot with Lumia 900 for business and personal. But WP8 is super fluid... I want one. No. I need one.

posted on 05 Sep 2012, 19:38 1

45. CX3NT3_713 (Posts: 2275; Member since: 18 Apr 2011)

Guys keep in mind.. its better than top phones cameras, its 8.7 MP cam :-).. I want the 920

posted on 05 Sep 2012, 19:44 3

47. aoikemono27 (Posts: 177; Member since: 27 Feb 2012)

The 808 Pureview is under 20mm with the hump. My old flip phones were 25mm+ and even candybar phones were 20mm. There is a segment that thinks the 18mm or so thickness isn't a big deal, especially if you keep it maybe 4.3" in screen size. Reviewers had no problem with the extra thickness, just the old Symbian OS and low-res screen. So why aren't they giving us options? For those who must have the skinner phone, the 920/820 is there for you. If Samsung can release a 5.3" phablet and sell 10 million of them, it just goes to show how the dimensions of the phone can be dealt with if a consumer sees the benefits (gigantic ass screen). Even if 18mm is too much for Nokia, a 15 or 14mm phone with 21MP PureView wouldn't have been that bad either.

I'm not that thrilled at all over the 920, since its basically a 900 with faster processor. The camera was suppose to be the differentiator. Unless they are planning that fabled 41MP Pureview Lumia in all its large sensor thick body glory and releasing it before the holidays, I'll probably get something else, like the Razr Hd Maxxx. Motorola went with a spec and ran with it. They put a 3300mah battery in a 9.3-9.4mm kevlar body and put a 4.7" SuperAMOLED screen with small bezel. They stole the show from Nokia. If you can't make the thinnest phone, have the best large HD screen, or biggest battery, at least focus on what you are good at, namely the freakin camera, instead of trying to dilute everything and make this mediocre all-around product. Jack-of-all-trades don't stand out. Find your specialty and run with it.

posted on 05 Sep 2012, 19:49 1

49. papss (unregistered)

Agreed! What a wonderfully different phone. I really like it

posted on 05 Sep 2012, 20:03

50. Alistaire (Posts: 132; Member since: 13 Apr 2012)

the 8MP camera for both phones are probably for production issues and keeping price down. Essential the same basic components for both cameras, except a few additional ones for the Pureview 8MP.

When they sell more Lumia phone, that is more quantities for production, they will probably issue more MP variations...

posted on 05 Sep 2012, 22:02 1

57. jove39 (Posts: 1858; Member since: 18 Oct 2011)


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