Nokia (NOK) to Develop Large, Windows 8-Based Tablet (MSFT) (QCOM)

December 19, 2012 6:32 AM EST
Just because Microsoft (Nasdaq: MSFT) surface tablets aren't selling like hotcakes doesn't mean the market isn't ripe.

According to Digitimes, Nokia (NYSE: NOK) will continue development of a 10-inch Windows RT tablet. Nokia will cooperate with Microsoft, Qualcomm (Nasdaq: QCOM), and Compal Electronics in the effort, with debut of the new product expected in late February, during the 2013 Mobile World Congress in Barcelona, Spain.

Nokia was planning to develop the large Windows RT tablet early in 2012, using Qualcomm's S4 processor to run the device. The initial test run was expected to be about 200,000 units.

However, Microsoft's Surface announcement over the summer caused Nokia to put the project on the back burner, with focus shifting back to Windows Phone 8-equipped smartphones instead.

Due to sales performance of the Surface falling short of expectations, Nokia is still evaluating initial order volumes and hasn't established a marketing plan yet.

Shares of Nokia are indicated for a higher open Wednesday.

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