Nokia (NOK) Looks to Best Rivals in China with Multiple New Offerings in Q2
According to the South China Morning Post, Nokia may release Lumia 520 and 720 smartphones -- which run Microsoft's (Nasdaq: MSFT) Windows Phase 8 platform -- on China Mobile's (NYSE: CHL) wireless network in the second quarter.
In addition, Nokia should release its Asha 105 and 301 for first-time handset buyers. The 105 and 301 will have some features found on higher-end devices, which should make them an appealing choice.
The Post noted that the Lumia 720 and 520 will run €249 and €139, while the 301 and 105 will cost €65 and €15, respectively.
No word on whether the smartphones will also be available on China Unicom (NYSE: CHU) or China Telecom (NYSE: CHA). China Unicom currently carries the Lumia 920 device, as does China Mobile.
Shares of Nokia are indicated for a higher open Wednesday.