"Extremely poor" Symbian sales set the tone for another rough quarter for Nokia
posted by Victor H. / Apr 11, 2012, 4:24 AM
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.
“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.Canaccord Genuity analyst Mike Walkley sees mixed Lumia reports and
“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.
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.
Posts: 590; Member since: Oct 24, 2011
I want to see how the 808 PW does first because that camera will attract alot of people
posted on Apr 11, 2012, 4:34 AM 8
Posts: 248; Member since: Nov 10, 2011
And how to put it in your pocket?.
posted on Apr 11, 2012, 5:32 AM 1
Posts: 547; Member since: Feb 23, 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 Apr 11, 2012, 5:44 AM 4
Posts: 328; Member since: Jan 15, 2012
posted on Apr 11, 2012, 6:33 AM 4
Posts: 481; Member since: Jul 05, 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 Apr 11, 2012, 6:02 AM 3
Posts: 5993; Member since: Dec 22, 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 Apr 11, 2012, 8:11 AM 2
Posts: 331; Member since: Oct 19, 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 Apr 11, 2012, 9:10 AM 2
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