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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: 979; 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: 285; 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: 1739; 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: 1623; 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: 1623; 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: 1355; 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: 6019; 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: 6019; Member since: 30 Dec 2010)


posted on 06 Sep 2012, 07:20

64. jroc74 (Posts: 6019; 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: 979; 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: 81; 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

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