Just around the corner. Did you know that most employers purchase gifts for their employees as part of this celebration. A new phone is right in that price range, and as a business tool, it is the perfect gift for an employer to give to their employed. This is going to be a great quarter coming up.
Loss of the dividend is really what took Nokia down this week. Lower sales was expected with the tail end of the transition though I was plesantly surprised with the .02 beat of estimates. The move into profitibility is also very positive.
There is much to look forward to. Nokia, by scrapping dividends, banks nearly one billion dollars. This is not the time to be cash strapped and find yourself unable to fill orders or reduce marketing.
Yes, this is still speculative. $4.10 was tested twice this week, the first time was in after hours trading. Strong support here on significant, over-average volume. Even with AAPL news coming out and the spanking they took on their outlook on this sector, Nokia held on very well.
No worries of a defunct company going bankrupt anymore, they have positive cash flow (and remember, this is still the tail end of the transition). Next quarter is all about existing patents and service offerings, China Mobile, Nokia Siemens, and the next gen of the 920. I think we see a climb close to $5.00, but it will be rocky. This is still considered speculative territory, but this quarter made the case of a successful Nokia turnaround all the more real. (there is strong resistance over $4.73).
With Dividends ...NOkia go Down: cause low on $$$$$$
Without Dividends...Nokia go Down: cause ...ect......
.......This is liked a double KNIFE sword! There is no right or wrong! .....
------BK is out of the Door now, Lumia 920 + future NSN is picking UP....
------Relax--- Long will have our days!
During Chinese New Year they don't really give gift like they would do during X-mas time. During Chinese New Year most of them would give a fruit basket, hygiene products set or prepackage food set. And some give a gift certificate or cash. And it would be very rare to give a phone or any electronic during Chinese New Year. If you watch home shopping few weeks before the start of the Chinese New Year, you will see lots of fruit basket, prepackage food gift set and gift certificate. And basically everything are close for a week during the Chinese New Year.
You're right - during the impoverished peasant days giving fruit was a common thing for the Chinese Christmas since people were poor and Oranges aren't exactly affordable for the Chinese, especially during the winter.
But now many there make $500+ per month, that's a 400% increase from just a couple decades ago and the "middle class" is booming. As a result, the fruit days are over - many Chinese can afford and do in fact, give more expensive gifts like pocket warming iPhones and Nokia Lumia 920T's.
So don't be a Chinese Christmas Grinch (trying to rain on our Lumia parade), Nokia will be selling Lumias hand over fist in China this quarter, or I'm not the worst investor of all time.
Sentiment: Strong Buy
I have work relationships with several managers and directors stationed in China. This is what their employers are telling them to do for their staff, or are doing for their staff. They all work in the technology industry, so it may not be common for everyone. That said, gift giving is an expectation and phones are right in line with % spend for each employee.
"Malls spend millions on attractions to bring in Lunar New Year shoppers
Ronnie Chan Yam-ling, leasing department general manager at Sino Group, predicted that the number of shoppers visiting TMT Plaza, a favourite shopping destination for mainland tourists, would increase 25 per cent during the festival season, from a year ago.
"Retailers of electronics, cosmetics, Chinese herbal medicines and dried seafood will see an increase in business by as much as a 70 percent as they are popular among mainland shoppers," she said."