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"Extremely poor" Symbian sales set the tone for another rough quarter for Nokia

Posted: , by Victor H.

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Nokia is facing an uncertain future and analysts themselves post mixed reports about the Finnish company. On one hand it’s got Windows Phone as its main platform and promise for the future, but with little real sales to back it up and a bumpy uphill adventure against iOS and Android, and on the other it’s trying to convince people to still buy Symbian smartphones despite the fact that it’s previously announced that the platform is dying.

Canaccord Genuity analyst Mike Walkley sees mixed Lumia reports and “extremely poor” Symbian sales, all pointing to another rough quarter for Nokia. Walkley reiterated a Hold rating on Nokia stock, revising his estimate for the company’s shares down a dollar to $5.

“We are lowering our estimates ahead of Nokia’s Q1/12 earnings report as our checks indicate weak Symbian sales, seasonally soft feature phone sales, and a slow ramp in Windows smartphones,” the analyst said.

“Our global checks indicated mixed Lumia sales with price declines helping sales trends in Europe,” Walkley said. “However, our checks indicated extremely poor Symbian sales trends and seasonally soft feature phone sales, resulting in our lowered Q1/12 Devices and Services sales estimate from 4.9B to 4.7B. We have also lowered our overall Windows smartphone estimates, resulting in us lowering our 2012 pro forma EPS estimate from $0.05 to ($0.03) and our 2013 estimate from $0.54 to $0.40.”

RBC Capital‘s Mark Sue begs to differ. The analyst reiterated an Outperform rating on Nokia shares and expects its stock to hit $9 apiece. “Coming to America in a big way,” Sue summarized the Lumia 900 launch.

“Thus far we would characterize the uptake of Nokia’s Lumia 710 and 800 as ‘decent’. For the 900 series, feedback, while early, seems constructive on the hardware and start screen’s live tiles,” the analyst expressed his hope for Nokia’s US future.

The biggest factor, though, remains carriers’ willingness to embrace a third platform that will diversify Apple’s dominant position and give them more place to maneuver against Google Wallet, a service they as threatening carrier revenues.

RBC also agrees, though, that the first quarter of the year is likely to be rough, with sales gravitating toward the lower estimations of around 90 million handsets sold.

Which side would you take in that argument and why? Let us know in the comments below.

source: BGR

21 Comments
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posted on 11 Apr 2012, 04:34 8

1. bbblader (Posts: 531; Member since: 24 Oct 2011)


I want to see how the 808 PW does first because that camera will attract alot of people

posted on 11 Apr 2012, 05:32 1

2. kamejoko (Posts: 98; Member since: 10 Nov 2011)


And how to put it in your pocket?.

posted on 11 Apr 2012, 06:23 8

7. JSern (Posts: 282; Member since: 22 May 2011)


How do you put your Galaxy Note in your pocket?

posted on 11 Apr 2012, 06:47

13. TROLL.IS.AHA (banned) (Posts: 58; Member since: 10 Apr 2012)


How do u browse the web with restrictions!

posted on 11 Apr 2012, 07:38 4

17. JSern (Posts: 282; Member since: 22 May 2011)


Off topic. FAIL.

posted on 11 Apr 2012, 06:49 1

14. jackhammeR (Posts: 1548; Member since: 17 Oct 2011)


you wear xs?

posted on 11 Apr 2012, 05:43 2

3. joeymk (Posts: 100; Member since: 26 Jan 2012)


They will struggle a bit, but from November we will see the true results

posted on 11 Apr 2012, 05:44 4

4. pokharkarsaga (Posts: 346; Member since: 23 Feb 2012)


nokia's attitude has made them face this condition.they think adopting wp will solve the situation.but look at the first quarter sales of wp,nearly dropping half of the gained share.they should handshake with android king to overcome the situation as well as continue with wp also.

posted on 11 Apr 2012, 06:26 5

8. JSern (Posts: 282; Member since: 22 May 2011)


Android king? You must be new here.

posted on 11 Apr 2012, 06:44

12. TROLL.IS.AHA (banned) (Posts: 58; Member since: 10 Apr 2012)


Doughnuts potatoes

posted on 11 Apr 2012, 06:33 4

9. eaxvac (Posts: 328; Member since: 15 Jan 2012)


Lol fandroid

posted on 11 Apr 2012, 06:43 3

11. TROLL.IS.AHA (banned) (Posts: 58; Member since: 10 Apr 2012)


Lol iFans

posted on 11 Apr 2012, 07:17 4

16. eaxvac (Posts: 328; Member since: 15 Jan 2012)


Lmao the usual droidtroll

posted on 11 Apr 2012, 05:57 1

5. Non_Sequitur (Posts: 1111; Member since: 16 Mar 2012)


Put the PureView on Android and WP. Symbian is condemned to die.

posted on 11 Apr 2012, 06:02 3

6. PhoneLuver (Posts: 460; Member since: 05 Jul 2010)


This really shouldn't be a surprise to anyone! Nokia is planning to discontinue Symbian, that fact alone should predict a decline in sales! Consumers in the know don't go buying a product that they know will be discontinued!

Nokia shouldn't have killed off MeeGo. While it wasn't ready for prime time, it would ave provided an "upgrade path" to Symbian users or simply an alternative to those who just don't like WP. I've played with the new Lumia. It's a great device, but I just can't seem to get myself to love WP.

While WP is not bad per se, I hate the endless scrolling it requires as well as the fact that it almost forces you to use the integrated Microsoft products. The small icons IOS and Android provide make navigation a whole lot easier and provide the user with more choice.

posted on 11 Apr 2012, 06:40 3

10. andro. (Posts: 1927; Member since: 16 Sep 2011)


Seeing first hand week on week how poor windows phone sales are id certainly agree that the smartphone future of Nokia will be very 'rough'

posted on 11 Apr 2012, 06:59 4

15. ivanko34 (Posts: 617; Member since: 04 Sep 2011)


Nokia should switch to Android rapidly

posted on 11 Apr 2012, 07:40 1

18. JSern (Posts: 282; Member since: 22 May 2011)


You must be new here

posted on 11 Apr 2012, 08:11 2

19. Droid_X_Doug (Posts: 5280; Member since: 22 Dec 2010)


Who in their right mind would buy a Symbian handset with the certainty that it is being dumped by Nokia? Nokia (Elop) biffed the transition planning. A million handsets in the quarter.... Maybe Nokia should approach RIM about a partnership. They both were so full of themselves in their heydays.

posted on 11 Apr 2012, 09:10 2

20. -RVM- (Posts: 329; Member since: 19 Oct 2011)


I would. My next phone will be 808 PureView. Symbian may be dumped by Nokia, but is still one of the most capable OS (comparable only to Android when it comes to customization and features). 808 with it's great photo, video and audio recording will be true multimedia powerhouse.

posted on 11 Apr 2012, 11:26

21. chapizzo (Posts: 116; Member since: 13 Sep 2011)


top that with a 4inch screen, like the one on e7. Its the only thing that i wish the n8 also had.

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