Nokia Corporation (ADR) (NOK) Plans Big Event For Tomorrow

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Nokia Corporation (ADR) (NOK) Plans Big Event For Tomorrow
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Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) is planning something big for tomorrow, but the company isn’t releasing any details other than the date and time. Nokia’s official Twitter page says there’s “something BIG landing tomorrow,” so of course there’s speculation about exactly what that might be. The event is scheduled for 9 a.m. in the U.K.

Nokia Corporation (ADR) (NOK) Plans Big Event For Tomorrow

It’s been less than a month since the company’s last big announcement, which finally showed us the Lumia 1020. CNET’s Lance Whitney suggests tomorrow’s big announcement might be the unveiling of a Lumia tablet or perhaps the rumored Lumia 625.

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Nokia also rumored to be working on tablets

Earlier this year, Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) management had said they were “very interested” in developing a Windows tablet, particularly in conjunction with the Windows Phone Lumia line. However, at the time they also said they were considering a 7-inch Android tablet.

Nokia to release Lumia 625?

Last week there were alleged images of the Lumia 625 posted on a Chinese website. The device is expected to have a 4.7 inch display and an 800 x 480 resolution. If the device does have a screen that’s 4.7 inches, it would be the largest in the Lumia line. Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V)’s current flagship handset has a 4.5 inch screen.

The Lumia 625 may end up being a less expensive handset with a larger screen, which would indeed make it interesting. The device is said to be aimed at China but could also be released in the U.S.

What future products could mean for Nokia

One of the problems analysts found with Nokia’s latest earnings result is the mix shift toward the low-cost Lumia devices. If the Lumia 625 is indeed a lower priced device with a larger screen, it could be just what emerging markets have ordered. However, analysts remain concerned about the company’s device business.

Citi analyst Jim Suva sees a greater positive in Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V)’s planned acquisition of the other half of Nokia Siemens Networks. He believes the acquisition will be 5 to 7 cents accretive to the company’s shares. He hasn’t modeled the acquisition into his estimates yet, and he maintained his Neutral rating and $3.34 per share target price.

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