The last flagship Windows Phone phone available in the US was the Lumia Icon (known around the rest of the world as the Lumia 930). It was exclusive to Verizon. When Verizon dropped it, there was no replacement high-end Windows Phone for Verizon customers, nor any widely available high-end Windows Phone in the US regardless of carrier. Before that, the flagship was the Lumia 1520. It was exclusive to AT&T. When AT&T dropped it, there was no replacement high-end Windows Phone for AT&T customers, nor any widely available high-end Windows Phone in the US regardless of carrier. Before that, the flagship was the Lumia 920. It was exclusive to AT&T. Same story.
Windows Phone has not been as successful in the US as it has in some other markets—parts of Europe, for example—but those fans in the US have continually been frustrated by the way that Microsoft (and Nokia before it) has made its handsets available. Microsoft has negotiated exclusive agreements to give one carrier a particularly desirable phone, and those carriers have responded by promoting those phones for a period of time before dropping them entirely. This was compounded by the cancellation of the "McLaren" that was meant to be a new flagship phone available in 2014.
What did it mean in practice? A person who bought the Lumia 920 when it was released on AT&T about 3 years ago who wanted to upgrade after 2 years had nothing to upgrade to. The Lumia 930 would have been a decent upgrade, except it was never sold in American markets with American frequencies. The Icon was a CDMA phone, built for Verizon's network (and, potentially, Sprint's). Lumia 930 owners now on the lookout for an upgrade are similarly out of luck.
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