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What the Last Symbian Means for Nokia

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Here's why the last chapter for Symbian is good news for Nokia shareholders.

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When Nokia Corporation (ADR) (NYSE:NOK) ships its last Symbian phone in the summer, it will close a final chapter for the phone giant. The company is ramping up its focus on other lines, from Asha in the low end to Lumia on the high end.

In the first quarter, Symbian accounted for only 500,000 shipments. By comparison, 5.6 million Lumia devices were shipped. Lumia runs on Microsoft Corporation's (NASDAQ:MSFT) Windows Phone 8 (WP8).

11 Years Old

Symbian was an 11-year-old platform. Support for consumers using Symbian will continue until at least 2016, and the winding down of the brand is favorable for investors. The most notable models from Symbian were the N95, E71, and the 808 PureView. There are two things that are most significant coming from Symbian: PureView and superior hardware quality.

PureView

Nokia first introduced the 41 megapixel PureView camera on Symbian devices. The camera's ability to take low-light photos, support video stabilization, and produce sharp photos excited many. The OmniBSI-2 sensor is made by OmniVision Technologies, Inc. (NASDAQ:OVTI). This camera was well-received by the public, and Nokia plans on possibly including this technology in its Lumia devices this summer.

Solid Hardware

The culture for creating solid hardware for Symbian devices will continue in Lumia devices. Even though the modern era of mobile computing exists because of Symbian, the legacy of the operating system live on. It will take time for WP8 to get many of the features Symbian had, but as this happens, demand for Nokia Lumias will only grow.

Analysis

The last chapter for Symbian is good news for Nokia shareholders. The high cost for developing devices using this operating system hurt profits, and made it impossible for Nokia to innovate as fast as its competitors. After WP8 became the third most popular operating system by market share, it validated Nokia's strategy to shift to the Microsoft Platform. There will be bumps along the way for Nokia's share price, but the trend is going to be positive.

When the rumored Nokia EOS phone is announced, it will be another milestone achieved by the company. Consumers who need a solid phone and an even more powerful camera will consider a Nokia device instead.

Editor's note: This story by Chris Lau originally appeared on Kapitall.

Kapitall's lists break complex concepts down to their basics, offering education and investing ideas to novices that double as a refresher course for more seasoned investors. Inspired by video game design, Kapitall's revolutionary brokerage platform combines a graphical user interface with tools that make it easy to build portfolios, share ideas and execute trades.

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No positions in stocks mentioned.
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