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.
Benchmarking the new Surface Book 3 15 with GTX 1660 Ti and 10th Gen i7
Although it's too early for a review, here are some initial benchmarks from the new Surface Book 3 15-inch with a Core i7 and NVIDIA GeForce 1660 Ti (Max-Q) and how it compares to Surface Book 2 and other premium laptops. Spoiler: While the CPU is just OK, that 1660 Ti definitely bumps up the Book 3's potential.
Review: Sabrent's Rocket Q SSDs are fast, well-priced and go up to 4TB
Sabrent has a new SSD range available in the form of the Rocket Q. These new NVMe SSDs use QLC NAND, but offer impressive speeds and storage capacities at affordable prices. Check our full review to see how they compare against other SSDs.
Review: How do I go back to Wi-Fi 5 after using TP-Link's Archer AX6000?
TP-Link's Archer AX6000 is an 802.11ax router designed to take your network into the future. However, it might not be exactly what you're looking for due to its high-end specs and relatively high price. We explain in this review.
Give your sim racing game a lift with one of these great sets of pedals
A good set of pedals is a crucial part of any sim racing setup, and thankfully you don't have to spend a small fortune to get something special. Whether you're a beginner, more advanced, looking to spend a little or money is no object, there's a set of pedals that's right for you.
