Nokia Hopes to Up Its Smartphone Market Share with New Lumia

Nokia (NYSE:NOK) is now making efforts to ramp up its market share in smartphones sold in the U.S., using its new Lumia range as the springboard.

Long rumored to be in talks with AT&T (NYSE:T) for selling these phones, it is now more or less confirmed that the mid-range Lumia 710 is going to be sold by T-Mobile, according to information gleaned from the FCC site.

Though the Lumia failed to inspire critics, last month British carrier Orange had reported that the Lumia 800 had broken pre-order sales records for Nokia phones. This is also great news for Microsoft (NASDAQ:MSFT) who is betting big on a Nokia comeback.

Nokia is, hopefully, trying to build on this success with a sales tie-up for the Lumia with AT&T and T-Mobile in the U.S.

Here’s how these stocks are trading on the news:

Nokia Corporation (NYSE:NOK): NOK shares recently traded at $5.07, down $0.26, or 4.88%. They have traded in a 52-week range of $4.82 to $11.75. Volume today was 18,587,582 shares versus a 3-month average volume of 28,319,600 shares. The company’s trailing P/E is 21.02, while trailing earnings are $0.24 per share. Get the most recent company news and stock data here >>

AT&T, Inc. (NYSE:T): T shares recently traded at $28.98, down $0.42, or 1.43%. They have traded in a 52-week range of $27.20 to $31.94. Volume today was 6,020,848 shares versus a 3-month average volume of 28,842,700 shares. The company’s trailing P/E is 14.70, while trailing earnings are $1.97 per share. Get the most recent company news and stock data here >>

Microsoft Corporation (NASDAQ:MSFT): MSFT shares recently traded at $25.66, up $0.06, or 0.23%. They have traded in a 52-week range of $23.65 to $29.46. Volume today was 16,107,943 shares versus a 3-month average volume of 56,398,000 shares. The company’s trailing P/E is 9.33, while trailing earnings are $2.75 per share. Get the most recent company news and stock data here >>