By Cris Frangold:
Nokia (NOK), once the largest handset maker in the world, is going through a complicated phase with regard to smartphones. According to a report released by the IDC, the company is no longer listed among the top five global manufacturers of smartphones.
By Saibus Research:Nokia Corporation (NOK) released its Lumia 920 and Lumia 820 smartphone devices on November 2nd and the good news about this was that it was only six weeks after Apple (AAPL) released its iPhone 5 smartphone device on September 21st.
Microsoft will acquire Nokia's entire handset division for about $7.2 billion. The merger has been scoffed at by some analysts since it brings together Microsoft — a software giant that famously missed two mega-trends, the Internet and mobile — with a phone maker that greatly succeeded with feature phones but is still figuring out the smartphone market.