"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.

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



19. Droid_X_Doug

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.

20. -RVM-

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.

21. chapizzo

Posts: 116; Member since: Sep 13, 2011

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

15. ivanko34

Posts: 617; Member since: Sep 04, 2011

Nokia should switch to Android rapidly

18. JSern

Posts: 282; Member since: May 22, 2011

You must be new here

10. andro.

Posts: 1999; Member since: Sep 16, 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'

6. PhoneLuver

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.

5. Non_Sequitur

Posts: 1111; Member since: Mar 16, 2012

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

4. pokharkarsaga

Posts: 561; 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.

8. JSern

Posts: 282; Member since: May 22, 2011

Android king? You must be new here.


Posts: 58; Member since: Apr 10, 2012

Doughnuts potatoes

9. eaxvac

Posts: 328; Member since: Jan 15, 2012

Lol fandroid


Posts: 58; Member since: Apr 10, 2012

Lol iFans

16. eaxvac

Posts: 328; Member since: Jan 15, 2012

Lmao the usual droidtroll

3. joeymk

Posts: 101; Member since: Jan 26, 2012

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

1. bbblader

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

2. kamejoko

Posts: 257; Member since: Nov 10, 2011

And how to put it in your pocket?.

7. JSern

Posts: 282; Member since: May 22, 2011

How do you put your Galaxy Note in your pocket?


Posts: 58; Member since: Apr 10, 2012

How do u browse the web with restrictions!

17. JSern

Posts: 282; Member since: May 22, 2011

Off topic. FAIL.

14. jackhammeR

Posts: 1548; Member since: Oct 17, 2011

you wear xs?

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.
FCC OKs Cingular's purchase of AT&T Wireless