Nokia Corp. (NYSE:NOK): Current price $6.29
Late Monday, a source to Reuters said that Nokia has put off the launch of a large-screen phablet device, originally set for late September, but the deal to divest its handset unit and license patents to Microsoft might have prompted a change in dates. Inside sources say that Nokia had intended to announce new devices that include a ‘phablet,’ which is a smartphone with a screen over 5 inches in size, to redo its lineup of Lumia smartphones employing Microsoft’s Windows Phone software.
One source reported that the launch event, set to occur in New York late September, has been pushed back by several weeks. However, Reuters could not confirm a new date and a Nokia spokesperson would not comment.