Business

This week in tech stock: The Lumia 1020 incites mobile madness

Image Credit: Devindra Hardawar/VentureBeat

This past week saw a deluge of news around mobile hardware, and interestingly, Microsoft came out on top.

This week, Nokia announced the Lumia 1020. You’ve probably seen ads for it — it’s the one that looks like a mid-range camera. And according to folks who should know, it’s one of the most spectacular pieces of equipment on the market.

As our own reviewer Devindra Hardawar put it:

Nokia’s Lumia 1020 is the culmination of everything the Finnish phone maker has been working towards over the past few years.
It sports the best smartphone camera I’ve ever seen — something that every other smartphone owner, even iPhone fanatics, will be jealous of — and manages to look unique in a sea of boxy phone designs.

And of course, the phone sports Microsoft’s elegant Windows Phone interface, which Hardawar sees as a potential liability. But shareholders got sufficiently caught up in the excitement; both Nokia and Microsoft saw modest but notable stock price bumps this week.

And the Lumia 1020 news appears to have stolen some thunder from other smartphone players, too, with Apple and Google taking small hits this week, even after research firms weighed in on Android tablets’ market takeover and press took a hands-on look at Google’s new Moto X.

In non-mobile news, Facebook saw a small stock price uptick this week. The company held a press conference on News Feed and how stories from your friends get ranked on the page and is coming off a very strong couple weeks of trading following a stellar earnings report.

Finally, chip maker Nvidia had its Q2 2013 earnings call. Its report showed that the company had beaten estimates for the quarter, but stock still took a minor drubbing in public trading.

Here’s a look at the numbers, showing percentage change between Monday and Friday of this week.

AAPL Chart


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