Jyske Bank rates Nokia a buy because of Windows Phone 8

Jyske Bank rates Nokia a buy because of Windows Phone 8
Danish financial institution Jyske Bank has been excited by what they saw with the introduction of Windows Phone 8. Calling the upcoming new build of Microsoft's mobile OS "a large step in the right direction," the bank has raised its rating on Nokia to "Buy". The bank's equity research department upgraded Nokia because of certain things they see in Windows Phone 8, such as the removal of certain hardware restrictions. With the update, manufacturers will be able to offer Windows Phone models with multi-core processors and 720p HD displays. This allows the platform to catch up with Android. With removal of other hardware restrictions, a Windows Phone 8 version of The Samsung Galaxy S III and the HTC One X could be built.

Because Windows 8 and Windows Phone 8 have the same core, and with the latter supporting DirectX, PC games can be easily produced for Windows Phone handsets. Jyske Bank says that this alone could be of interest to the 200 million game console owners who could  play the same games on their phone and have it look exactly the same. And unlike Windows Phone 7, the newer OS supports security requirements for businesses and also offers up-to-date software improvements such as improved voice recognition, integration of Nokia navigation and Skype, ability to make digital payments, and a new and improved IE browser.

Windows Phone 8 getting introduced

Windows Phone 8 getting introduced

Even though the bank has listed Nokia as a buy, it does see some near term weakness due to the lack of a full update for current Windows 7.5 phones. Microsoft will send existing Windows Phone units an update to WP 7.8 which will bring users the same new start page that will be on Windows Phone 8. The bank sees Nokia launching Windows Phone 8 models in 2 to 4 months and says it is imperative for Nokia to have the new phones ready to be released as fast as possible to make sure the Finnish based handset manufacturer doesn't lose momentum. The bank sees the new handsets getting introduced during Nokia World in September.

Yes, Jyske Bank has given the shares of Nokia a buy recommendation, but the financial institution reiterates that it is an investment only for those who can afford the risk and are long-term investors. The bank says that if Nokia can use the updated OS to grab 10% of the global smartphone market, the shares will soar. And while that is kind of a "Duh" statement, so is their assessment that "it is not unlikely that Nokia has started too late and in the end risks going bankrupt."

source: JyskeBank via WMPoweruser

Jyske Bank rates Nokia a Buy thanks to Windows Phone 8
Jyske Bank rates Nokia a Buy thanks to Windows Phone 8

Jyske Bank rates Nokia a Buy thanks to Windows Phone 8


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7 Comments

1. Osman

Posts: 44; Member since: May 07, 2012

Way to go Nokia and Microsoft :) Have a bright future u 2!

2. CLINTONW25

Posts: 38; Member since: Jun 14, 2011

i didnt like windows at first but after seeing windows phone 8 im sold

3. biglou508

Posts: 11; Member since: May 17, 2012

nokia is not a buy for me with windows 8 coming you have now htc and samsung coming into the party with hd screens and s4 processors i think microsoft this time around wants there phones high end with the hd screens and processors as i said i dont think nokia can build phones like that i look at them just as i do with rim

4. jackhammeR

Posts: 1548; Member since: Oct 17, 2011

How old are you kid>? Microsoft policy is very strictly and there is no excuses. They dictate which hardware must be put in. If they say s4 and hd screen, there will be s4 cpu and hd screen. As simple as that. Doesn't matter who makes phones.

7. biglou508

Posts: 11; Member since: May 17, 2012

well im a grown mature man unlike yourself. going by your name and your kid comment mr. internet tough guy who probably still lives with his parents or atleast one of them im guessing mom arent you? unlike you i cant stick around i have a job, and a lovely volleyball playing girlfriend to take out around the city boston when i get off. so take care and please respond but idk i wont read it since i have better things to get to.

6. haseebzahid

Posts: 1853; Member since: Feb 22, 2012

pey u dont have a clue about moblies looking at samsung which dont even had their own OS. if u know history NOKIA is the top of the line OEM besides it looks bad now in market does not mean they cant do. besides name one thing Samsung/HTC made out of themselves rather copies of Apple with Google support .on the other hand nokia always bring different non copied stuff

5. ryq24

Posts: 874; Member since: Oct 17, 2011

jyske bank? never heard of them. if its moodys then that would really be good news!

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