Nokia (NYSE:NOK) unveiled two new smartphones yesterday, the Nokia Lumia 920, and the Nokia Lumia 820. The new devices were the most powerful yet from the company, with Windows Phone 8 software and the ability to charge wirelessly, but investors gave them a big thumbs down. By the time the markets closed yesterday, Nokia stock had dropped 15.9% to settle at $2.38, down from its opening price of $2.89. In an effort to arrest stock losses, Nokia announced that they would cut prices on older phones operated by the company. But that doesn’t seem to be helping too much. In today’s trading, the stock is only continuing to plunge. For more on the latest business news, follow us on Twitter @FNNOnline, or check out our website at fnno.com.
