Microsoft’s beleaguered Nokia Lumia phones get poor reception

“Nokia’s shares slumped Wednesday as the company’s new line of Lumia smartphones didn’t impress Wall Street,” Benjamin Pimentel blogs for MarketWatch. “The rollout also didn’t do much for Microsoft, the Finnish company’s partner whose shares were trading mostly flat.”

“Microsoft is clearly banking on the Lumia becoming a hot seller and giving the software company a much-needed lift in the mobile market,” Pimentel writes. “Lumia was billed as the flagship for Windows Phone 8, the Redmond, Washington’s company’s latest attempt to have a significant presence in the mobile arena where it’s been taking a beating from such players as Apple Inc.”

Pimentel writes, “‘Microsoft still needs to jump start their mobile business,’ UBS analyst Brent Thill told MarketWatch. ‘I’m not sure Nokia is their battery.'”

Read more in the full article here.

MacDailyNews Note: After the event, shares of Microsoft’s beleaguered Nokia plummeted 16.43%, or -46.4 cents, to $2.365.

Related articles:
Microsoft’s Nokia, Google’s Motorola try to launch ahead of Apple’s iPhone 5: ‘A Hail Mary,’ analyst says – September 5, 2012
Microsoft’s beleaguered Nokia unveils Lumia 920, 820, stock drops 13% – September 5, 2012

44 Comments

  1. Not to worry, Microsoft.

    Smartphone wannabe market leaders like Samsung, LG, HTC have no choice but to go with stolen technology and risk the legal system or go with Micosoft and at least have a legal (but non-viable) phone to peddle.

  2. Microsoft’s share of the mobile market can’t take a beating. You have to show up somewhere to get beaten down, and being lumped under the “other” category in smartphone pie charts doesn’t count as showing up.

  3. Hm, but then to be fair: doesn’t Apple’s stock also take a hit with each product announcement as all the wild rumor mill frothing dissipates with yet another ‘disappointing’ announcement?

  4. You guys just kill me! Wow! This is a world class Nokia device. Now Apple FanBoys are monitoring stock price glitches?

    Get a life! Let’s see how the street responds to a new (not so new) iPhone. Sure millions will be sold to the Cult members but is that where this ends? Time will tell!

    1. I expect you to come back in here and eat your words when ip5 becomes the best selling phone of all time. You’ll have no problem admitting you’re wrong (yet again) right?

      Oh, wait… You’ll just make some bullshit, straw man claims that samsung and your precious asian OEMs will bury the iPhone when the next ‘flagship’ knockoff is released in 6 months. You’ll never see the truth no matter how many times you have to be hit in the face with it. I guess sometimes its easier to stay delusional rather than have your fragile grip on reality come crashing down around you?

    2. These “world class Nokia devices” are every bit as DOA as the previous line of Lumias. Why? Because they run Windows Phone, which has proven itself beyond any shadow of a doubt to be a failed product, a hideous kiss of death for all those devices unfortunate enough to run it.

      By the way, who goes to internet forums for products they don’t even own and denies reality? Pat!

      Perhaps you need to get a life. And/or some medication.

  5. I love everything Apple, but some of those detractors are right on the money with the stock price fall. Almost inevitably, every Apple announcement, no matter how fantastic, has been followed by a pummeling in the market.

    I reason that there is always a percentage of investors who have no idea how to evaluate the potential of any new offering and recoil in fear until others tell them it is O.K. to come back in the water. Truly stupid but that seems to be the way it works.

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