Early Nokia (NOK) Lumia 920/820 Success Likely a 'Tempest in a Teapot' - Analyst
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Rating Summary:
20 Buy, 17 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Based on recent reports, Nokia's (NYSE: NOK) Lumina 920/820 are seeing early success and selling out in many markets. However, one analyst is warning investors not to put too much faith in the data.
Handelsbanken said the data may be a "storm in a teacup" and noted that similar comments were reported when Nokia launched the Lumia 800/900 and were nothing but hot air.
The Swedish investment bank said the key is China, which they said is the most important market introduction. Shipping to China is expected in late December.
Handelsbanken said the data may be a "storm in a teacup" and noted that similar comments were reported when Nokia launched the Lumia 800/900 and were nothing but hot air.
The Swedish investment bank said the key is China, which they said is the most important market introduction. Shipping to China is expected in late December.
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