Is Nokia Working on an Android-Based Smartphone?

Includes: GOOG, NOK
by: Eric Savitz

Well, this would be a weird twist in the smart phone wars.

Citing “industry insiders,” the Guardian is reporting that Nokia (NYSE:NOK) is developing a phone that runs on Google’s (NASDAQ:GOOG) Android software platform, rather than its own Symbian software.

The story says the new phone will be unveiled at the Nokia World conference in September.

Offering an Android-based smart phone would be a surprise move which would suggest Nokia sees a need to take a new tack in the increasingly competitive smart phone market.

NOK Monday is down 23 cents, or 1.6%, to $14.34.

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