RBC raises Nokia’s Q3 outlook
BGR reports that RBC has raised Nokia’s Q3 outlook and said that the situation is not as dire as it appears. The analyst has set a target price of $9 and has said that the situation seems to be improving.
Key take away :
The analyst reports that ”Nokia may be seeing better trends for its dual-SIM devices and less of a decline in its traditional Symbian devices than originally expected”. Upcoming Windows Phone Mango based handsets are also expected to significantly boost sales for Nokia’s high end smartphones.