While Nokia will ship the new models before Christmas, (the latest rumor has the Nokia Lumia 920 being released October 21st via AT&T) the two phones will be hard-pressed to compete against the red-hot Apple iPhone 5, which has sold 2 million units in the first 24 hours of accepting pre-orders, and the Samsung Galaxy S III. The latter has sold in excess of 20 million units in its first 100 days. And you can't forget the Samsung GALAXY Note II. The original sold over 10 million phablets.
It will certainly be an iPhone Christmas."
Nordea analyst Sami Sarkamies says it is hard to say if someone else would have done a better job than Stephen Elop, but he sees the CEO as having until the end of the first or second quarter of next year to prove that his strategy will work. In the midst of a major restructuring, Nokia has lost 3 billion EUR ($3.9 billion USD) in the last year and a half.
Also looking bad for Elop is the recent revelation that the company used professional photographs and claimed that they were taken by the camera on the Nokia Lumia 920. Compared with the slick introduction of the Apple iPhone 5, this "black eye" is the type of setback that could lead to Elop's dismissal from Nokia.