Nokia Corporation (ADR) (NYSE:NOK)’s Current Position With Verizon and its Recent Move into iOS Maps Field

AT&T Inc. (NYSE:T) had decided to offer Nokia Corporation (ADR) (NYSE:NOK)’s Lumia 920 back in October this year but in fact at this movement confused a lot. Though other carriers were likely to be handed with different variants i.e. 822 on Verizon Communications Inc. (NYSE:VZ) and 810 on T-mobile, of Nokia Lumia 820, yet the lucky ones would be of AT&T customers who could rejoice themselves on this real device of Windows Phone 8.

This decision of Nokia and AT&T made criticism all over by few as least availability of the device would not be a satisfactory response by the users who are not willing to sign up with AT&T in any way.

In a press conference with CNET, Nokia CEO Stephen Elop stated

In a market where subsidy and marketing dollars are heavy, we encourage them to promote it as a hero product, and use the subsidy to drive down the pricing to a competitive point. It also gives you access to in-store resources.

It is also in the bird eye’s view that Verizon and AT&T owe its customers to purchase HTC’s new handset of Windows Phone 8X. Elop seems to be well contented with once again the new up-growing relationship of Nokia with Verizon with a little more excitement of Finnish manufacturer to plan more magnificent things with Verizon.

However he also stated that the main focus of Nokia is on broadening distribution as the company feels highly frustrated with the limited supply issues. Also he stated that company is putting more and more effort on iOS and is searching for new experienced engineers which could develop iOS, Android and other platforms for Nokia Smartphones other than Microsoft platform.

Nokia Corporation (ADR) (NYSE:NOK) shares in pre-market soared 4.30% to $4.12, AT&T Inc. (NYSE:T) rose 0.20% to $34.30 and Verizon Communications Inc. (NYSE:VZ) stock surged 0.29% to $44.25.

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