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Nokia's (NYSE:NOK) stock has been going nowhere this past year, hovering between $3 and $5 per share. With Nokia's declining market share internationally and in its home market of Finland, Nokia seriously needed to bring a smartphone that could compete head-on with the top Google (NASDAQ:GOOG) and Apple (NASDAQ:AAPL) phones on the market. Instead, Nokia brought a 41 MP camera to the market with a phone attached to it. So just how does the Lumia 1020 size up to its competitors?

Nokia Lumia 1020

Nokia Lumia 920

Apple

iPhone 5

Samsung Galaxy S4

Display

4.5-inch

(1280x768)

~332ppi

4.5-inch

(1280x768)

~332ppi

4.0-inch

(1136x640)

~326ppi

5.0-inch (1920x1080)

~440ppi

Weight

157.6g

185g

112g

130g

Thickness

10.4mm

10.7mm

7.6mm

7.9mm

Processor

Dual-core 1.5 GHz Krait

Dual-core 1.5 GHz Krait

Dual-core 1.2 GHz

Quad-core 1.6 GHz Cortex-A15 & quad-core 1.2 GHz Cortex-A7

Connectivity

4G LTE

4G LTE

4G LTE

4G LTE

Camera

41MP Rear

1.3MP Front

8MP Rear

1.3MP Front

8MP Rear

1.2MP Front

13MP Rear

2MP Front

Capacity

32GB Internal

32GB Internal

16/32/64GB Internal

16/32/64GB Internal

Price

$300 on contract

$99 on contract

$199 on contract (16GB)

$199 on contract (16GB)

Source: Engadget.

In terms of hardware, the Nokia Lumia 1020 is almost exactly the same as its predecessor, the Lumia 920. It has the same screen, processor, and storage. Nokia seems to have slapped the 41MP camera on the back of the 920 and slimmed and lightened the phone slightly. But, at $200 over the price of the Lumia 920, is the upgraded camera really worth it?

Another glaring problem with the Lumia phone compared to its competitors is its weight and size. Despite cutting the weight almost 30 grams and slimming the phone 0.3mm, the Lumia 1020 is more than 40% heavier than the iPhone 5, and 20% heavier than the Samsung (OTC:SSNLF) Galaxy S4 -- a phone with a larger display. Not to mention the Lumia 920 is also 2mm thicker than both phones. This gives the Lumia 1020 a very bulky feel, which can put off consumers who are already apprehensive about carrying a larger phone.

In terms of software, Nokia's partnership with Microsoft and its Windows Phone OS distinguishes Nokia from Apple and the various Android manufacturers which can be both positive and negative. The unique user interface of the Windows 8 OS, the windows "tiles" and social networking integration of the Lumia smartphones gives casual smartphone users an alternative to the Apple and Android smartphones that dominate the market. However, some consumer may be apprehensive about adopting a different smartphone operating system.

Bottom Line

The Nokia Lumia 1020 is a step backwards for the company that desperately needs to regain market share in the smartphone industry. Instead of releasing a phone that would attract the mass market, Nokia narrowed its market reach by creating a phone that would only appeal to a select niche of consumers. As of right now, I would still stay away from Nokia's stock.

Source: Is Nokia Going Into The Camera Market?