Nokia delisting from Frankfurt stock exchange, to slash price on the Nokia Lumia 800 soon

Nokia delisting from Frankfurt stock exchange, to slash price on the Nokia Lumia 800 soon
Nokia has announced its plans to delist from the Frankfurt bourse, one of Europe’s biggest stock markets, in the first half of 2012 as its stock volumes have decreased there. The company added that its Frankfurt shares represent only a small part of its stock. The company will continue publicly trading shares at the New York Stock Exchange (NYSE) and in Finland.

Along with the delisting news, an interesitng inside scoop surfaced from long-time Russian Nokia analyst Eldar Murtazin. Murtazin claims that sales of the Nokia Lumia 800 are not living up to the expectations and Nokia has secretly agreed to cut the price of the Lumia 800 by 15% in the second half of January or February. This, in his opinion, is indicative about the not so stellar sales of the first Nokia Windows Phone, which was supposed to be the company’s savior.

“Nokia 800 price cut in second half of Jan2012 or Feb - minus 15%. decision take yesterday. Thats ‘success’ [sic],” Murtazin tweeted.

We’d certainly take it with a grain of salt - up until now it’s just a rumor and Murtazin has a hit-or-miss record with his scoops. Additionally, just yesterday Nokia released a reassuring statement about the Lumia 800 after another analyst estimated sub-par sales of the device. The coming weeks and months might prove crucial about the device, but to draw some conclusion we'd rather wait until Nokia releases some official sales data after the end of this quarter.

source: Nokia, @eldarmurtazin

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7 Comments

1. drahmad

Posts: 480; Member since: Aug 20, 2011

how could it be the top selling device on vodafone UK if it is not selling up to expectations

2. drahmad

Posts: 480; Member since: Aug 20, 2011

3. -RVM-

Posts: 331; Member since: Oct 19, 2011

Murtazin isn't a Nokia Analyst, but actually a Samsung employee. Half of his comments and predictions about Nokia proved lies.

4. skyline100

Posts: 17; Member since: Sep 16, 2011

How do you know? O.o

5. HTCiscool

Posts: 449; Member since: Jul 16, 2011

It's a bit early to be worrying yet, isn't it? It's only been like 2 weeks since the this.g was released and already Nokia is like "OMG Nooooooooooooo!!!!!!!!! Ballmer said this OS would restore our popularity!" *Elop cocks AK-74U* Elop: Innovate this ballmer! (bang bang bang bang bang) Elop: Well whaddya guys say we go Android!

6. Cyd07

Posts: 83; Member since: Oct 03, 2011

Murtazin ? The guy who said the N8 has bad photos, far worse than the iPhone 4 ? Okay, I see...

7. Whodaboss

Posts: 176; Member since: Nov 18, 2011

Nokia has already let the cat out of the bag; they will be coming out with a Windows Apollo phone out next year by June (I hope so anyway) If this is truly the case it would make sense if Nokia tries to get all the older models out before they tell everone, hey here's our new devices. Why hold on to old stock?! It almost sounds like these so called analyst are jealous, upset, or whatever because Nokia has decided to team up with MS.

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