Nokia Lumia 920

While the launch of the first Lumia was not met by the desired excitement, Nokia Corporation (NYSE:NOK) has not thrown in the towel. It will announce the launch of a new Lumia, called Nokia Lumia 920. The announcement, which will be hosted by the company and Microsoft Corporation (NASDAQ:MSFT), will take place on Wednesday in New York. The new Lumia will run on Windows 8 Phone, and represents the compounded efforts of Microsoft and Nokia.

Nokia Corporation (NYSE:NOK) has managed to conceal conclusive details about the new product’s design. Nonetheless, pictures supposedly portraying the new Nokia have already gone viral. Nokia Corporation (NYSE:NOK) has not confirmed whether the pictures are genuine or fake, despite the fact that the picture quality is way above average.

One of the most prominent features about the new Nokia Lumia will be its ability to support wireless charging. This comes as a breakthrough, and makes the phone incredibly unique as compared to other smartphones in the market.

In addition to wireless charging, the Lumia 920 is also expected to flaunt a 1.5 GHZ dual-core processor, an 8 megapixel camera, 32 GB of storage, and 1GB of RAM.  These high-end hardware specifications will be supported by the Windows 8 Phone operating system, which is expected to seamlessly operate at optimal performance.

The launch of the highly anticipated Lumia 920 will be coupled with the launch of the smaller Lumia 820. The latter is expected to have a 4.3 inch display, a few centimeters shy of 920’s 4.5 inch display. Pricing details on either of the handsets have not yet been released.

This launch will come a week before the launch of the iPhone 5. The Lumia 920 is probably intended to secure a reasonable share of the market before Apple’s iPhone 5 scoops it all.

Nokia needs a breakthrough

Expectations are high, as consumers are aware that Nokia Corporation (NYSE:NOK) has spent every dying effort in its attempts to extend the best. The company is in need of a huge turn around, especially so after considering the prolonged poor performance. It needs to stop operating in the shadow of its former big self.

Different speculators are however expressing diverging opinions. The lack of uniformity in opinions and speculation is perhaps fuelled by the dynamic nature of the smartphone market. Earlier on in the year, Samsung Electronics Co., Ltd. (LON:BC94) and Google Inc (NASDAQ:GOOG) appeared to have the upper hand, after Galaxy sales figures rose unprecedentedly. Interestingly, the tide may now change. Apple Inc. (NASDAQ:AAPL) recently won a protracted court room battle that could rattle Samsung and Google’s numbers. With all these movements in the market, no speculation is conclusive enough. We will just have to wait and see if the Lumia 920 will be a smash hit.