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.
Get early access to Windows 10 October 2020 update – here's how.
In this guide, we'll show you the steps to upgrade your computer to the final release of the Windows 10 October 2020 Update before it's officially available to everyone.
Windows 10 October 2020 Update moves closer to launch with Release Preview
The Windows 10 October 2020 Update is nearly ready for primetime. Microsoft began shipping the update to Release Preview Insiders today, which is the last stop before it will start its full rollout to the public.
Join us LIVE for the Windows Central Video Podcast today at 2:30PM ET
We're LIVE with the Windows Central Video Podcast today at 2:30pm ET, make sure you're there!
These are the best CPUs for playing Microsoft Flight Simulator 2020
Having the best CPU you can afford installed will let you enjoy Microsoft Flight Simulator 2020 at whole new levels. This is why we've rounded up the best picks from AMD and Intel to help you get started.