Can Nokia Capitalize on This New Phone?
By Meghan Foley | January 24, 2013 6:19 AM EST
Nokia ( had surpassed the company’s guidance for the period; previously, Nokia had predicted a margin ranging from 4 percent to 12 percent, but results are now expected to fall between 13 percent and 15 percent.
However, while the margin improvement was good news for the company’s financials, critics were left unimpressed by its forecast for phone sales. Nokia said that it shipped 4.4 million devices in the fourth quarter, above the 3.8 million predicted by analysts at Baird, but below the 6.5 million Wells Fargo estimated. Analysts found the low sales concerning. Barclays analyst Jeff Kvaal wrote in a note seen by Barron’s that “ last week to Underweight. He added, “CES checks showed few signs WP8’s promise is converting to sustained demand.”
Join the Conversation
- New Zealand Economy Benefits From Australia's Big Investments; Kiwi Down After RNBZ Comments
- ETF Outlook for Thursday, January 2 (FEZ, FXI, SPY, XHB)
- January Second Trading: Always Interesting
- 13 Things Investors Learned In 2013 - Part II
- Are Diversity and Quality the Way to Profit from the Rebound in Gold and Coal?
- Target’s ‘Surprise Doorbusters’ Black Friday 2014 Deals On TV Sets, Entertainment Centres, DVD Players And More
- T-Mobile’s Black Friday 2014 Deals On Apple iPhone 6, Samsung Galaxy Note 4/Edge, Nexus 6, HTC One M8, LG G3, iPad Air 2 And Mini 3
- IKEA Black Friday 2014 Ad Includes Discounts On Home Furnishings, Appliances, Kitchen Designs, Beds, Sofas, Mattresses And Toys
- Black Friday And Cyber Monday Sale 2014: AT&T's Cricket Wireless Offers Discounts On Lumia 1320, Galaxy S5, S4 And HTC Desire 510
- ISIS Kidnaps Iraqi Defence Minister’s Family, Executes Female Parliament Candidates
- ISIS Drug Transit From Afghanistan To Europe Confirmed By Russia: Money Goes Into Terror Funding And In New Recruitments
- '$2,000 For Sex'—Pleads Unlucky-in-Love Guy On OKCupid