Nokia (NOK) May Face Chip Shortage for New Lumia Lineup (QCOM)

February 21, 2013 9:20 AM EST
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Nokia Corp. (NYSE: NOK) is lower in early trading Thursday amid good/bad expectations.

EVLI said today that Nokia might be facing supply shortages for its Lumia smartphone line. The firm noted that Qualcomm's (Nasdaq: QCOM) Snapdragon 600 chip will be used in the new HTC One, while Samsung might use the chip in its Galaxy S IV smartphone.

EVLI noted that it would be in Qualcomm's interests to diversify away from Google (Nasdaq: GOOG) Android-based devices, potentially a boon for Nokia.

Nokia is expected to announce new Lumia devices at Mobile World Congress 2013 in Barcelona, Spain.

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