Nokia Denies N8 Smartphone Delay

Posted Sep 21st 2010 12:00PM by Tom Taulli
Filed under: Nokia Corp. (NOK)

With the upcoming launch of Nokia's (NOK) N8 smartphone, there's much at stake for shareholders. If the device gets traction, there may be an upside catalyst for the stock. In fact, Nokia's shares have already been trending higher lately.

Yet there are some issues. For example, a report from the Wall Street Journal says there will be a delay of a few weeks. Why? Well, the details were sketchy.

But fighting back, Nokia has said that the report is false and things are fine (according to the company's blog). And yes, the ship date will be in the third quarter. But, because of logistical reasons, customers may not get their phones until October.

Delay or not, the important thing is that the N8 finds millions of happy customers and can push back rivals like Apple's (AAPL) iPhone and even Google's (GOOG) Android. And so far, things look promising. Actually, the rumors of the delay are probably because the N8 has already received the highest pre-order amount in Nokia's history, which can make it tough to manage things.

What's more, the N8 is certainly a sophisticated smartphone. It has a touch-screen and comes with a 12-megapixel camera, HD video recording and 3D maps. The N8 will also use the Symbian operating system, which has been improved and integrates with Facebook and Twitter feeds.

All in all, the N8 is a competitive device and should provide a much-needed boost for Nokia.

Tom Taulli is also the author of several books, including the Complete M&A Handbook as well as the upcoming book, All About Short Selling.

Tags: featured, inthenews, N8, N8 delay, NOK, Nokia, Nokia N8