Sales of the Lumia 920 are better than expected, according to Ilkka Rauvola, an analyst at Danske Bank, who has raised his predictions for 2013 WP8 sales sharply. In a client note, he forecast that 36m WP8 smartphones will sell next year, up from his previous figure of 23m.
At Microsoft's annual shareholder meeting last week, CEO Steve Ballmer said that WP8 was selling at four times the rate of WP7 phones during the same period last year and figures from Gartner, while less rosy than that, also suggest a gradual but visible building of momentum. The research firm says the third quarter of 2012 saw 4m Windows Phone devices sold, compared to 1.7m a year earlier.
These are still small numbers - and Nokia still sold more Symbian handsets in Q312 than Lumias - but they show some progress, which should accelerate with the impact of the holiday season, the strong reviews for Lumia in many areas, the integration of WP8 with its big brother Windows 8, and the China deal.
China Mobile will sell a version of the Lumia flagship, the Lumia 920T, which Nokia has adapted to support the cellco's unique TD-SCDMA 3G technology. Nokia has been working closely with the world's largest mobile operator for some years and the pair had a deep alliance around Symbian in earlier days. This has given the Finnish firm a headstart in supporting TD-SCDMA - Mobile has complained of the slow process of getting high profile smartphones onto its network, and has mainly depended on local suppliers. It has famously failed to agree terms with Apple for a special iPhone, despite multiple rounds of talks, and is now expected to wait for a TD-LTE version in future, for its expanding 4G 'trial' network.
"Our close cooperation with Nokia is a key contributor to the success of China's TD industry, and will further enhance the rapidly growing TD ecosystem," China Mobile's CEO Li Yue said in a statement.
Sentiment: Strong Buy
Hey likinok, I am long NOK and have learned much from some of the info you supply on this board. Just wondering though, that Danske report is from November last year, I believe. Have you found anything more current from Danske?
In November after they raised predictions Danske Bank went from to Sell to Buy
2 days before the report 24/1 they went from Buy to Hold
After the report Danske Bank went from Hold to Sell and lowered target price. 3,45 to 3,00 euro.
Many analyst I think lowered their targets but kept at hold, some like S&P downgraded to strong sell but also some became more positive like Needham with a buy target 7,3 $
Got this from a finnish financial site translated through google....arvopaperi.fi
Seems many would like to see how the Lumia really sells without supply restraints and also if the Asha series can keep up with the cheap 100$ google phones.
Listen, it's cool to push for Nokia and all. We all want to win.
But it ain't cool to not cite the place you got the info from. I looked it up and found it on Nokiapoweruser. And the info is from last year in November. So it's really old info and not up to date.
Don't hate me for saying that. I'm just trying to help keep it real. We all need stuff that is current so we can help people make right investment choice.
Thanks. Peace out.
Interesting. I maintain that one cannot blithely write off NOK, Softie and W8. All the "pundits of the know" make disparaging comments because they haven't started rocket-like out of the gates with one quarters visibility. Anybody ever heard of a 2 to 5 year business plan? Jeeezus. And let's not forget NOK is more than just a smart-phone. Anyway...I like NOK's odds, as well as Softies odds with Win 8. It'll just take some time to develop is all.
Just my 2pennies worth. (Disclosure - holding a long term position in NOK from ~$1.75, Softie from ~$26.50 as well as some positions in the competition)
Now let's see what the next week brings...