Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) Lumia 625 images and specifications were revealed on website TENAA in China. Lumia 625 is a Windows 8 phone, with a 4.7 inch display and resolution of 800×480.
Lumia 625 Details
Lumia 625 will be powered by a 1.2GHz Snapdragon dual-core processor, 512MB or RAM, sporting a rear 5MP camera. China will be the initial launching destination for the phone, which will be available in different colors.
Lumia 625 was first revealed on radio communication device regulator TENAA’s website, and according to a Sina Weibo user, the Lumia 625 will be launched in China towards the end of this month for RMB 1,999 ($325) with a contract.
Lumia 625 seems to be a budget phone like Lumia 920T, which was launched with China Mobile this year. According to some, the phone was meant to be unveiled in the United States and will be compatible with LTE. In China, however, the phone will be compatible with HSDPA/HSUPA, according to the listing, given no LTE support in the country. No information has been revelaed on U.S. pricing, but there is news that one version of the 625 with support for AT&T’s GSM network cleared FCC certification last month.
Nokia Seeks to Expand in China
According to a national regulatory filing, the Finnish phonemaker is launching new Lumia phones powered by Windows 8 in China, which brings out the fact that the mid range Lumia 625 will be launched in the country most probably this month.
Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) is toiling hard to gain respectable market share, and budget phone Lumia 625 may be the one to end its struggle. In the first quarter of 2013, Nokia revenue surged 20 percent in China due to the Lunar Year/New Year Season. However, total revenue was less than 25 percent from the corresponding quarter of 2012.
Nokia sold 3.4 million units in China in the first quarter of 2013, a decline from 4.6 million cell phones shipped in the fourth quarter and 9.2 million Nokia phones sold in Q1 2012. Nokia did not reveal detailed numbers of smartphones and feature phones.
Facing Competition from Local Brands
Xiaomi, a Chinese smartphone company, announced record revenue of $2.15 billion in the first half of 2013. It makes devices that are priced around RMB 1,699 ($280). It has forecasted selling 15 million smartphones this year. There are expectations that Nokia will launch Lumia 625 in the United States, as well.
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