RBC raises Nokia’s Q3 outlook

Nokia House

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 :


  • Q3 shipment estimate increased to 100M devices from 89m
  • Reiterates “outperform” rating on Nokia stock
  • Demise of Symbian Sales not as steep a drop as previously expected
  • Good response to Nokia’s dual-Sim devices.
  • Feedback on Nokia Windows Phone may be encouraging, with launch before holiday season.

    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.

    [Source – BGR via MyNokiaBlog]

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    Author: Dhruv Bhutani

    Dhruv loves technology & is passionate about travel, science in equal measure. Currently using a ZF2. Catch him on Twitter (@DhruvBhutani) / Facebook . The metal head down the block ;)