Verizon to Sell New Nokia Lumia Phone
Nokia(NYSE: NOK) announced today that mobile carrier Verizon(NYSE: VZ) will carry the company's new Lumia 822 phone this fall.
The Lumia 822 runs on Windows Phone 8 software and will be exclusive to Verizon. The phone boasts an 8-megapixel camera, wireless charging, and a number of user-specific features such as navigation software Nokia Drive+ and music streaming service Nokia Music.
Rival carrier AT&T (NYSE: T) will carry similar high-end models from Nokia, the Lumia 820 and 920 phones, starting in November.
Nokia is planning on using the Lumia line to catch up with higher-flying rivals in Apple(NASDAQ: AAPL) and Samsung. Nokia's Q3 2012 market share for worldwide smartphones was only 4%, whereas Apple and Samsung posted shares of 26.9% and 56.9%, respectively.
The article Verizon to Sell New Nokia Lumia Phone originally appeared on Fool.com.Dan Carroll has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple and AT&T.; Motley Fool newsletter services recommend Apple and AT&T.; Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.