Amid Troubles, Nokia Gets Boost from China
In the same week that Nokia sold the building that has been its main headquarters as part of cost-cutting measures, the Finnish handset maker also announced that China Mobile will begin carrying the Lumia 920T.
The Lumia 920T is the first TD-SCDMA Windows Phone in China and for Nokia represents a high-end smarpthone presence in what will be the largest market in the world by the end of the year.
Nokia said the Lumia 920T will be available for order in China by the end of the year.
The news boosted Nokia's stock yesterday, which rose 5 percent to close at $3.90.
Nokia follows close on Apple's heels in bringing its flagship phone to China. Apple just last week announced availablity of the iPhone 5 and iPad Mini in China.
Apple's rank in the Chinese smartphone market has fallen to the sixth spot, two spots below where it stood in the second quarter, according to new research from IDC.