For the first since mid April, Nokia’s stock has bounced nearly 5% on the day to put it at $4 a share. The news appears to be due in part to a report from Liberum Capital (reported by the Economy News) that the Lumia 920 is still selling well and what’s more, that it’s coming back in stock.
We reported yesterday that Amazon Wireless and even AT&T stores were now stocking the white, matte black and glossy red Lumia 920s for immediate purchase. The timing is crucial as we head into the last two weeks of the sales quarter and of course the holiday shopping season, as this gives Nokia an opportunity to try and meet presumed demand for their flagship phone.
Nokia’s stock took a hit this year, reaching a low of $1.63 back in July. Upon release of Windows Phone 8 though and some cautious optimism, the price has steadily crept back up especially in the last few days.
It’s still trading below its 52 week high of $5.87 a share but Nokia may be on the verge of turning things around. Between positive reports of the Lumia 920, restructuring of the company and its leasing of its headquarters, investors are now seeing an opportunity with the Finnish company.
Of course the real day of reckoning will be when Nokia reports its 4th quarter results January 24th as that is when solid sales figures are expected to be revealed. Liberum Capital estimates that their sales report will be positive:
"With almost two weeks still to go in the quarter we believe demand is likely to be high once again, leading to overall shipments of Lumia 920s likely to be above our current estimate of 3m units for the quarter.
"We also expect another 2m units of other Lumia models in the quarter including the Lumia 510, 820, 822, 810, 505 etc. At this point we believe volumes of the Lumia range including the 920 and the 920T are likely to remain stable in Q1’13 as well, since the phone will be shipping in volume in many key markets including China only next quarter."
Do you think Nokia has finally righted the ship and is back on track? Let us know in comments.
All the Xbox Game Pass games coming and leaving soon
Xbox Game Pass is constantly evolving with new games joining the service all the time. Keep track of everything coming and going from Xbox Game Pass with our comprehensive guide.
List of all Halo: MCC 'Season 7: Elite' Season Pass rewards and tiers
Season 7 of Halo: MCC is finally here, and with it comes a wide variety of brand new cosmetic items for players to equip. Here's an overview of everything new in Season 7.
What we're hoping to see at Microsoft's Windows 11 event
Microsoft's Windows 11 event less than a day away! That means we're gearing up to become Windows 11 Central, and what better way to kick things off than with a list of things I'm expecting (and hoping) to see announced tomorrow.
These are Zac Bowden's top 7 Prime Day deal picks
Prime Day is almost over, which means there's not much time left to save big on some of your favorite items. I've been busy scouring the Amazon for the best deals that I think you should be aware of. Let's go!