WP8-Based Lumia Gives Nokia (NOK) Advantage Over BlackBerry (BBRY) in Corporate

February 22, 2013 7:43 AM EST Send to a Friend
Get Alerts NOK Hot Sheet
Price: $8.27 +0.49%

Rating Summary:
    14 Buy, 24 Hold, 7 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 45 | New: 4
Trade NOK Now!
Join SI Premium – FREE
Nokia (NYSE: NOK) might have an ace up its sleeve in running Microsoft's (Nasdaq: MSFT) Windows Phone 8 mobile operating system on its Lumia smartphone line.

Liberum comments today that the OS will likely aid Nokia in winning corporate market share from rival BlackBerry (Nasdaq: BBRY) due to WP8's compatibility and ease of integration. The firm also noted that the corporate segment is likely to be a relatively high-margin segment for Nokia. Recent 'wins' for Nokia in the corporate arena include Britain's Foxtons and the Mall of America.

Lumia 920 and 620 models are selling well, Liberum notes, citing anecdotal data. The Lumia 620 is seeing particularly strong demand in China.

Liberum affirms its Buy rating on Nokia with a price target of €4.50. Nokia is ticking higher in early trading Friday.

For an analyst ratings summary and ratings history on Nokia click here. For more ratings news on Nokia click here.

Shares of Nokia closed at $3.75 yesterday, with a 52-week range of $1.63 to $5.87.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Retail Sales

Add Your Comment