The Zune legacy spreads to Nokia
http://www.bloomberg.com/news/2011-...eport-of-lower-than-expected-lumia-sales.html
Nokia shares fall on anemic "Lumia" Windows Phone sales
“Nokia Oyj declined as much as 6 percent after analysts said the company’s first Windows Phones shipments were lower than expected,” Diana ben-Aaron reports for Bloomberg.
“Nokia may have shipped less than 1 million units for the quarter, with sales to customers of less than 500,000, James Faucette and other Pacific Crest Securities Inc. analysts wrote in a report dated yesterday,” ben-Aaron reports. “Nokia announced the 420 euro ($568) Lumia 800 and 270 euro Lumia 710 last month for shipment this quarter.”
The number is also far lower than estimates for the company's previous flagship smartphone, the N8, which launched in October 2010 and is thought to have sold between 3.5 and 4m units in its first quarter, according to research firm Inderes.
Early indications that the Lumia is not a comeback product to topple the dominance of Apple and Google's best-selling Android operating system saw Nokia's shares close down 8.8% at €4.19 (£3.61) on the Helsinki bourse.
ben-Aaron reports, “Nokia traded 5.5 percent lower at 4.34 euros as of 11:32 a.m. in Helsinki. That was the third-biggest slide on the Stoxx Europe 600 Price Index.”
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• We’re way ahead of them [Apple.] – Chris Weber, President of Nokia Inc. (US) Head of Markets, North America, calling Apple’s iOS “outdated.” – August 10, 2011
• Apple’s iPhone is a “niche product.” – (Former) Nokia CEO Olli-Pekka Kallasvuo, April 17, 2008
http://www.tgdaily.com/mobility-features/51494-microsoft-employees-dance-at-mock-iphone-funeral
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Another turkey, and just in time for Thanksgiving.
Nokia and MS needed to make a huge splash to get noticed and be taken seriously. Instead, once again, we see something barely adequate, ridiculously late, and totally uninspired, which = barely noticed.
At least this turkey isn't brown.