Reality Slaps Microsoft And Nokia In The Face After Lumia Launch

Yesterday was a big day for Nokia Corporation (NYSE:NOK). The company was set to launch two new phones, the first to take advantage of Microsoft Corporation (NASDAQ:MSFT) Windows Phone 8 software, and another turn in what has been a twisted year for the Finnish handset manufacturer. The firm's shares opened at $2.86 in New York yesterday morning. After the dust of the launch had settled, the company's shares had fallen to $2.38.

The question that had many puzzled after the shares slumped was, what exactly the company...