Seeking Alpha

Nokia to launch Android-based phones in China in Q2 - BrightWire

  • Nokia (NOK) will launch five new products at the Mobile World Congress, three of which are Android-based smartphones that will be available in China in Q2, according to a source close to the matter.
  • The three smartphones are the Nokia X, Nokia X+ and Nokia XL, targeting the low- and mid-end market. Google Play, Google Map and Google Search will be removed from the devices and replaced with Nokia Store, Nokia Map, Bing and Skype (MSFT).
  • Nokia will sell the smartphones primarily through e-commerce platforms. The Android-based smartphones will start at less than 700 yuan ($115).
  • Source: BrightWire
Comments (16)
  • joshvegas
    , contributor
    Comments (409) | Send Message
     
    Was Belfiore applauding in the audience?:)
    24 Feb 2014, 03:19 AM Reply Like
  • Timothy Bryan
    , contributor
    Comments (921) | Send Message
     
    hmmm interesting
    24 Feb 2014, 03:23 AM Reply Like
  • Andrei Volgin
    , contributor
    Comments (627) | Send Message
     
    Two years too late.
    24 Feb 2014, 05:09 AM Reply Like
  • Timezone
    , contributor
    Comments (78) | Send Message
     
    Microsoft will take over before the Android phones see the light of day. I can see Nokia hedging their bets but develop three Android phones...what were they thinking.
    24 Feb 2014, 06:43 AM Reply Like
  • La Rue
    , contributor
    Comments (883) | Send Message
     
    You just never know !
    24 Feb 2014, 08:13 AM Reply Like
  • ewmpsi
    , contributor
    Comments (1707) | Send Message
     
    Elop also pointed out that the Nokia X phones would be communicating with Microsoft's cloud and not Googles.
    24 Feb 2014, 09:23 AM Reply Like
  • La Rue
    , contributor
    Comments (883) | Send Message
     
    Now China should okay the sale and MSFT should pay Nokia and then we can get on with Spring :)
    24 Feb 2014, 10:27 AM Reply Like
  • DWD Investing
    , contributor
    Comments (10191) | Send Message
     
    la R

     

    I sure hope so. Just sold 700 shares today at 7.60. Needed the capital for other positions. Great time for it to go up also. I really needed that cap, and at the same time holding Nokia shares like they are part of my own body. Glad I only had to cut off a pinky finger instead of two fingers to get the cap.
    24 Feb 2014, 02:13 PM Reply Like
  • joshvegas
    , contributor
    Comments (409) | Send Message
     
    dwd, could you share your other position? Where is better opportunity that Nok:) Just curious.
    24 Feb 2014, 02:19 PM Reply Like
  • seymore4
    , contributor
    Comments (53) | Send Message
     
    When you need the money you need the money. I'm holding everything through the summer at least. Feeling pretty good about the additional 3K shares I picked up last month a $6.97 :)
    24 Feb 2014, 03:10 PM Reply Like
  • seymore4
    , contributor
    Comments (53) | Send Message
     
    I want to see the deal with MSFT go through, an official CEO at NOK, a dividend announcement, and several quarters of profitability before I do anything. I fully expect all of the above to happen by then, and I will reevaluate my positions
    24 Feb 2014, 03:12 PM Reply Like
  • La Rue
    , contributor
    Comments (883) | Send Message
     
    Good plan for sure seymore4. Should be a fun 12 months ride :)
    24 Feb 2014, 05:24 PM Reply Like
  • seymore4
    , contributor
    Comments (53) | Send Message
     
    Agreed. I've got 45,000 shares so I'm not exactly a day trader Mr. JMstocks style who buys a bottle when it goes up 3%.. or posts panic stricken when it goes down 4%... steady as she goes wins the race. The lack of long term vision in some people and the herd mentality is confounding.
    24 Feb 2014, 05:55 PM Reply Like
  • DWD Investing
    , contributor
    Comments (10191) | Send Message
     
    Josh

     

    It's a high risk high spec micro CAP penny Biotech position. You probably don't want to mess with it. Sym: Advanced Cell Technology (OTCQB:ACTC).
    4 May 2014, 08:50 PM Reply Like
  • DWD Investing
    , contributor
    Comments (10191) | Send Message
     
    Sey

     

    True,and I think those shares you picked up will be fine. I don't think anyone really sees a large downside risk for Nokia, and you can based that on short positions both USA ADRs and Helsinki markets. However, the price could drip to near 6.99 when after the next exdiv date. And, it could just sit there for the next QQ or two. If you're a long, long Nokia, you most likely have nothing to worry about over time (5 years+).

     

    If I were in capital preservation mode, I'd back up the truck on this on for the long term. I'd get divs and a long term increase in SP that outpaces inflation by a long shot.

     

    I just don't see Nokia being a bagger anymore shorter term (1 year or less).
    4 May 2014, 08:54 PM Reply Like
  • DWD Investing
    , contributor
    Comments (10191) | Send Message
     
    Sey

     

    Except when you are a value investor and buy Nokia May 15th 2013 at 3.578. Then you want out now, as I do. It's a lot of work, but I look at it like this: I can do nothing with my money now for 4 years, and I've still made 25% a year on it for the future.

     

    As I have posted over and over again, if I had capital and wanted to preserve it, I'd not be doing what I do. Glad you have that capital. It's a much more peaceful way to live and invest.
    4 May 2014, 08:57 PM Reply Like
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