Nokia is still struggling for a strong footing in the smartphone market. The recent downfall in its shares was a clear example that the Finnish company has still not convinced its investors enough. The company launched new Lumia handsets at an event in New York City on Wednesday, September 5.

The new Lumia 920 and 820 incorporate the new Windows Phone 8 operating system developed by Microsoft, also present at the event. The show was organized by both Nokia and Microsoft jointly, also partners on WP platform.

The new handsets bring upgrades to the hardware and software alike but most of the upgrades were slightly marginal than exceptional. In the ultracompetitive smartphone market, Nokia’s speed to evolve is quite slow and that was apparent in post-announcement stock trading.

Nokia 920 is the company’s new flagship handset with a dual-core processor and 4G LTE capabilities in the US. The phone brings a new 8.7-megapixel camera with PureView technology that enhances the picture quality. PureView was previously used in Nokia 808 PureView that sports a whopping 41-megapixel camera.

The dual-core Qualcomm Snapdragon S4 processor makes use of Microsoft’s latest take at the mobile operating systems, the Windows Phone 8. However, neither 920 or 820 are the first WP8 phones. Samsung last week announced Samsung Ativ S, the first WP8 smartphone at IFA in Berlin, Germany.

Lumia 820 is the mid-range smartphone from the company targeting a more price-sensitive market. Although it has the same operating system and the same processor—even clocked at the same speed—it lacks some of the 920 goodies as the camera resolution and low capacity battery.

Nokia did not announce the prices of the handsets and that probably tipped off investors that they might be on the pricy edge. Expected to release in the fourth quarter, Nokia will announce the price then.

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