Microsoft Corporation (NASDAQ:MSFT), Nokia Corporation (NYSE:NOK), Windows And Android
Microsoft Corporation (NASDAQ:MSFT)’s stock has delivered more than 42.5% returns year-to-date and is currently trading near its 52 week high of $38.98. Calendar year 2013 has been eventful in Microsoft Corporation’s history as the company sought to drive turnaround plan following global trends of declining PC sales as well as continued struggle in pushing sales of its Windows based smartphones.
Along the trends, Steve Ballmer’s resignation announcement also floated in news for quite a lengthy time as Mr. Ballmer was serving as Chief Executive Officer of Microsoft Corporation (NASDAQ:MSFT) since 2000. However the most sought after headline was the Microsoft’s acquisition of Finnish telecom giant Nokia Corporation (ADR) (NYSE:NOK)’s handset division.
Nokia Turns to Android
In a questionable move, Nokia Corporation is believed to be developing the Android-powered phone, codenamed “Normandy”. Now when the handset division of Nokia Corporation (ADR) (NYSE:NOK) is going to be taken over by Microsoft Corporation (NASDAQ:MSFT) in sometime soon it is unclear that how much Microsoft will be interested in using Android-based phone over its own Windows Phone operating system.
More over there is no official reporting on whether the phone will be launched before the completion of the Microsoft deal or Microsoft would continue with the development efforts for the device. As a reminder, The Verge reported that Nokia Corporation (ADR) (NYSE:NOK) is developing a variant of Android just like what Amazon.com, Inc. (NASDAQ:AMZN) did to come up with its Kindle Fire range; and hence this will not be original Google Inc. (NASDAQ:GOOG) powered Android OS.
Nokia Targets Low-end Markets
While Microsoft Corporation (NASDAQ:MSFT) is busy experimenting with its Windows powered Surface phone, Nokia Corporation must be targeting low-end markets with an Asha equivalent, Android packed phone that could allow access to more smartphone apps. Moreover an insider also reported that the device is planned to be launched by 2014.