Beleaguered Nokia shares fall on anemic ‘Lumia’ Windows Phone sales

“Nokia Oyj declined as much as 6 percent after analysts said the company’s first Windows Phones shipments were lower than expected,” Diana ben-Aaron reports for Bloomberg.

“Nokia may have shipped less than 1 million units for the quarter, with sales to customers of less than 500,000, James Faucette and other Pacific Crest Securities Inc. analysts wrote in a report dated yesterday,” ben-Aaron reports. “Nokia announced the 420 euro ($568) Lumia 800 and 270 euro Lumia 710 last month for shipment this quarter.”

ben-Aaron reports, “Nokia traded 5.5 percent lower at 4.34 euros as of 11:32 a.m. in Helsinki. That was the third-biggest slide on the Stoxx Europe 600 Price Index.”

Read more in the full article here.

MacDailyNews Take: iCal sez:

• We’re way ahead of them [Apple.] – Chris Weber, President of Nokia Inc. (US) Head of Markets, North America, calling Apple’s iOS “outdated.” – August 10, 2011

• Apple’s iPhone is a “niche product.”(Former) Nokia CEO Olli-Pekka Kallasvuo, April 17, 2008

[Thanks to MacDailyNews Reader “pridon” for the heads up.]

Related articles:
Beleaguered Nokia’s Lumia means ‘prostitute’ in Spanish – October 26, 2011
Beleaguered Nokia axes another 3,500 people; trims manufacturing operations – September 29, 2011
Apple officially ousts Nokia as world’s largest smartphone vendor – July 29, 2011

33 Comments

  1. the sad thing is, a lot of corporate IT departments are actually reviewing Win phones to replace their crackberries. For whatever reasons, Apple has a long way to go to convince megacorps to abandon their “buddies” in Redmond.

    In other news: a friend of mine just mentioned that her company is forcing a migration from Office 2003 to Office 2007. Her company-provided machine is running XP. That’s the kind of “loyalty” MS has in the marketplace. The opportunity is right for Apple to offer high-end corporate hardware, starting with iPhones and iPads deployed at the management level. Not like they know what to do with workstations anyway.

  2. Whilst I’d love this story to be true, at this stage it’s nothing more than BS stock manipulation from an anal-yst.

    Right now the Lumia 800 has been on sale for one week in the UK. I’m fairly sure that’s the only country it’s been released in so far – other European releases are planned for this year, with the US and China to follow in early 2012.

    It is thus *far* too early to tell quite how well it will sell.

    One thing to bear in mind though – if they really have sold 500,000, then that’s 500,000 in just one week of sales. Whilst that’s not at iPhone 4S levels it’s still very.

    As I said – I smell BS anal-yst stock manipulation.

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