By Gustav Sandstrom
Finnish mobile phone maker Nokia Corp. (NOK) said Wednesday it
is launching a new Windows-based Lumia handset in partnership with
China's biggest operator, China Mobile Ltd. (0941.HK), aiming to
reach out to more consumers in the Chinese smartphone market.
The Lumia 920T device, which offers features such as advanced
location services and photography technology, is China's first
Windows phone making use of the country's TD-SCDMA technical
standard, Nokia said in a statement.
The device will be available for order by the end of the current
year at a retail price of 4,599 yuan ($739) without contract, it
added.
Nokia is betting heavily on its range of high-end Lumia
smartphones, based on Microsoft Corp's (MSFT) Windows platform, as
it battles fast-growing rivals including iPhone-maker Apple Inc and
vendors of Android-based handsets such as South Korea's Samsung
Electronics Co Ltd.
Shares in Nokia closed Tuesday at EUR2.53.
Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com
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