Nokia Introduces 2 New Phones

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Cell-phone manufacturer Nokia (NYS: NOK) showed off two new low-cost phone models to the public today, the Nokia Asha 308 and the Nokia Asha 309. The phones will retail for about $99, the company said, and shipping is expected to start in the fourth quarter of 2012. Nokia does have a smartphone model on the way, to be run by Microsoft's Windows Phone 8 operating system, but the Asha series helps it compete in a different market.

The lower-end cell phones are a high-margin business for Nokia, and an important part of the company. Analysts have said that releasing a low-cost mobile phone is essential to Nokia's future, and that doing so enables it to compete with other cheap phones running on Google's Android software.

The article Nokia Introduces 2 New Phones originally appeared on Fool.com.

Fool contributorJohn Divineowns no shares in any of the above companies. You can follow him on Twitter@divinebizkidand on Motley Fool CAPS@TMFDivine.The Motley Fool owns shares of Google and Microsoft.Motley Fool newsletter serviceshave recommended buying shares of Google and Microsoft.Motley Fool newsletter serviceshave recommended creating a synthetic covered call position in Microsoft. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

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