Nokia (NOK) Lumia 520 Firmly Atop WP8 Food Chain

There's a new most-popular smartphone running Microsoft's (Nasdaq: MSFT) Windows Phone 8 platform and it isn't the Nokia (NYSE: NOK) Lumia 920.

AdDuplex reports today that the Nokia Lumia 520 has taken top-spot as most-popular WP8 handset with overall market share of 13.3 percent.

Microsoft and Nokia have mostly observed that awareness in the top-end smartphone market doesn't rest with WP8, so the companies moved to capture more of the emerging market smartphone share, a move which may pay dividends down the line.

That's not to say the upper-crust is forgotten, with Nokia debuting its photo-friendly Lumia 1020 last week. Still, investors will be happy to see that emerging markets are embracing the low-cost Windows Phone, even over Nokia's Asha series.

Nokia is down 0.2 percent Monday night.

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