With the increasing demand for big-screen handhelds among the smartphone buyers, Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) seems to miss out on the latest trend of screens measuring 5 inches or more for the third time in a decade.
According to latest report by Bloomberg, smartphone users have shifted their interest towards mobile phones with screen size measuring 5 inches or more for a better browsing and video viewing experience. At the same time, the number of tablet users have also increased in the past few years.
At this year's SALT New York conference, Wences Casares, the chairman of XAPO, and Peter Briger, the principal and co-chief executive officer of Fortress Investment Group discussed the macro case for Bitcoin. Q2 2021 hedge fund letters, conferences and more XAPO describes itself as the first digital bank of its kind, which offers the "convenience" Read More
However, the Finnish mobile company has been overlooking these next big trends and has net to come up with either a big screen phone or large screen tablet.
“This is a trend that can’t be missed,” said Francisco Jeronimo, an analyst at researcher IDC in London. “People are using smartphones in different ways now, consuming media by streaming over faster mobile networks. A 5-inch screen for a smartphone just feels right in the hand.”
According to Jeronimo, Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) is most certainly preparing a bigger device and could release it within few months. However, there has been no official comment from any one of the Nokia spokespersons.
James Etheridge, a Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) spokesman, said that the company is still weighing consumer interest in large screen handheld devices.
“The benchmark is for a larger screen and Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) isn’t there yet,” said Ben Wood, a research director with London- based consulting firm CCS Insight. “Nokia needs to make sure they don’t miss the boat.”
With its declining shares in the stock market, Its about time Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) wrap up its assessment process and officially make an announcement, if the company is actually launching a bigger device.
Shares of Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V), based in Espoo, Finland, fell 1.5 percent to 2.49 euros at 3:56 p.m. in Helsinki.