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

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

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.

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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

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