How would Nokia-Android combination affect current mobile marketplace?
Except maybe in China, which has banned all Google services.
Not gonna happen.
From what I've read, it would be a cheap-ish phone (<$200) with a 4" screen and would come with Nokia's own app store rather than Google's. My guess is that it will have a limited impact. If it's a good phone, it may have a following amongst those looking for a well-built but affordable phone, but it will not really have any impact at the top end (Samsung, LG, HTC etc) nor will it compete with the much cheaper phones selling for half the price.
If the project flops, well, that's the end of that. If sales are good enough though, Nokia might decide to widen its range of Android phones, which could change the scene significantly. They could offer both cheaper and higher-end phones, and compete head-on with a range of other vendors. Perhaps more importantly, it could diminish whatever credibility there still is to Windows Phone. However, both these scenarios (and the "it will sell OK but not brilliantly") are all very speculative. Let's see what Nokia have to offer first, and how well it takes up with the public.
Please tell what is meant by 'emerging markets' and give examples for probably emerging markets for Normandy
Please also tell , did you read that Samsung would incorporate Windows Phone OS and not Android?
An emerging market is a rapidly growing market where one has not existed or was very small until recently. Normally this refers to the rapidly growing economies of developing countries (BRIC), but in the case of phones, also to some other developing countries such as those in Africa. I'm afraid know nothing about the markets of Normandy...
As for Samsung, I have read some rumours, but they were very vague. Samsung had a strategy which was to to develop its own OS (Tizen), and to customise Android with its own apps both to differentiate it from competitors and to introduce an interface which be the same as Tizen. This has not been going too well (Google have more-or-less forced them to remove customisations), so I expect they will look at selling their phones with Windows Phone side by side with Android and for some models, Tizen. However, I've not heard anything about specific products.
IS Normandy said to be an ASHA phone? and what is importance of lack of Play Store on forked versions?
There are many rumors speculating around the internet.You must take all that with a grain of salt and wait for MWC event.
For getting Play store access,a manufacturer has to sign an agreement with a certain amount which gives the manufacturer access to Google Mobile services.Lack of Play store access would require users to depend on other marketplace like Amazon,getjar or Nokia would have to arrange some other app store for it.