...that is a beat. Still sad to see NOK down. And still precious little support from MSFT.
That is a good point on the Elop remark. The analyst were probably getting even for Nokia not telling them everything. They play little baby games. They sit and ask how do you like my new suit. Honestly, I sat in an office once and the guy bought a 1000.00 dollar suit and I did not say anything or even notice. He came out and asked me how do you the suit, I dropped a grand on it. Then we would talk personal stocks. They picked up the phone to work maybe 1 hour out of the day.
The only company for whom the expectations are always lower is Apple, and then they beat the lower expectations handsomely. If this wasn't done there would be a lot of big investors wiped out. In the case of Nokia, its a scheme to help the shorts cover, while scaring the retail investor into panic selling. lol
You can thank Morgan stanley and I said this 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.
I think we will see much more positive reports similar to what I hear on CNBC Europe as results came across the tape. VERY positive - definitely a beat on smartphones by some 20% over what Elop guided.