Morgan stanley could cause Nok to drop if they don't meet the 8m Lumia sales. Total manipulation if you ask me. Elop gave guidance yet stanley expects more. I don't understand that.
They forecast 8m Lumia shipments in Q2 (+43% q/q) compared to guidance of at least 7.1m (+27% q/q). On Morgan Stanley estimates, Lumia shipments would be 13.6m compared to their estimate for 35m total in FY13e.
Morgan Stanley (NYSE:MS) forecasts feature phone shipments of 55m in Q2, in line with Q1. Q2 saw the addition of several further Asha models. However, they expect more competition from Samsung’s new “Rex” range, and management has indicated that Q2 will see headwinds from inventory depletion. They forecast feature phone shipments rising to 62m in Q3 and 68m in Q4.
Does anyone think they get a cut for helping out shorts? It would be nice if the financial institutions were required to identify sources of income vs services rendered in their annual reports. We could learn a lot. lol
NOK has the final words. Investors would care less about Joe Malone who make the prediction. But if NOK sold more than what they estimate that's great ! If not investors have the freedom to sale their shares.
That's all folks!