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Nokia stock plunges 16% after new Lumia announcement

Posted: , 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.

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