Nokia Corporation (ADR) (NOK) Pricing for Nokia X Rumored at $110

Nokia Corporation (ADR) (NYSE:NOK) is expected to introduce its next smartphone during the upcoming Mobile World Congress (MWC) in Barcelona, Spain on February 24-27, 2014. There had been wide speculations that the new smartphone with code name Normandy will be officially called Nokia X.

\Latest rumors suggest that the price of the Nokia X will around $110. Technology observers noticed that a Vietnamese online retailer, “Mai Nguyen” is marketing the Nokia XA110 for approximately 2.2 million to 2.5 million Vietnamese Dong or $110.  The Vietnamese online retailer removed its Nokia X listing from its website after it become viral on the web.

Nokia X

One of the forum members of managed to take a screen shot of the online retailer’s Nokia X listing showing its selling price for the smartphone. The rumored price for the device seems in line with earlier speculations that Nokia Corporation (ADR) (NYSE:NOK) will be selling Nokia X as a budget phone or at an affordable price.

Over the past few months, technology industry observers suggests that the Finnish company’s Normandy or Nokia X smartphone will powered by Google Inc’s (NASDAQ:GOOG) Android Kit Kat operating system. Other earlier reports suggest that the device sports a 4-inch screen, integrated with with 1.2GHz dual-core Snapdragon 200 processor, 512MB RAM, 5MP camera, Bluetooth 4.0, 4GB internal storage, and it has dual-sim card.

Leaked pictures showed that the design of the Nokia X is similar to the Asha series smartphones, and it will be available in six colors including black, cyan, mint, green, yellow, and white.

Nokia Corporation (ADR) (NYSE:NOK) already scheduled a press conference on February 24 at the MWC in Barcelona.

Meanwhile, the Finnish company also issued a statement that the latest development regarding the ongoing tax proceedings in India will not affect the material terms of the deal or anticipated timing of the closing of the sale of its Devices & Services business to Microsoft Corporation (NASDAQ:MSFT).

Nokia Corporation (ADR) (NYSE:NOK) and Microsoft Corporation (NASDAQ:MSFT) expect to complete the transaction in the first quarter this year.