Nokia stock plunges 16% after new Lumia announcement

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.


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66 Comments

1. rusticguy

Posts: 2828; Member since: Aug 11, 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 :(

3. protozeloz

Posts: 5396; Member since: Sep 16, 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

5. haseebzahid

Posts: 1853; Member since: Feb 22, 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

9. kanagadeepan

Posts: 1247; Member since: Jan 24, 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...

19. darac

Posts: 2156; Member since: Oct 17, 2011

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

40. gwuhua1984

Posts: 1237; Member since: Mar 06, 2012

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

60. whysoserious

Posts: 318; Member since: Jul 20, 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.

16. rusticguy

Posts: 2828; Member since: Aug 11, 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) ...

41. pegasso

Posts: 285; Member since: Nov 27, 2011

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

61. cheetah2k

Posts: 2228; Member since: Jan 16, 2011

They need to revive MeeGo

13. rusticguy

Posts: 2828; Member since: Aug 11, 2012

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

14. Dr.Phil

Posts: 2340; Member since: Feb 14, 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...

18. rusticguy

Posts: 2828; Member since: Aug 11, 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.

21. Dr.Phil

Posts: 2340; Member since: Feb 14, 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.

17. som

Posts: 768; Member since: Nov 10, 2009

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

42. Droid_X_Doug

Posts: 5993; Member since: Dec 22, 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.

56. neutralguy

Posts: 1152; Member since: Apr 30, 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.

2. 2pe_2pe

Posts: 14; Member since: Feb 17, 2012

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

33. redmd

Posts: 1926; Member since: Oct 26, 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.

38. jroc74

Posts: 6023; Member since: Dec 30, 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.

46. denied911

Posts: 361; Member since: May 31, 2012

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

48. jroc74

Posts: 6023; Member since: Dec 30, 2010

edit...

64. jroc74

Posts: 6023; Member since: Dec 30, 2010

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

39. rusticguy

Posts: 2828; Member since: Aug 11, 2012

Investors are only interested in "Commercial Exellence"

4. haseebzahid

Posts: 1853; Member since: Feb 22, 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

43. aoikemono27

Posts: 177; Member since: Feb 27, 2012

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

6. kanagadeepan

Posts: 1247; Member since: Jan 24, 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)...

8. haseebzahid

Posts: 1853; Member since: Feb 22, 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

7. iDroidx650

Posts: 83; Member since: May 26, 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.

10. wassup

Posts: 565; Member since: Jun 23, 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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