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Nokia’s New Handset Sales Surpass 1m
January 24, 2012

Nokia’s first phones running Microsoft software may have sold enough units last year to help rebuild investor confidence in the Finnish company. (AFP Photo) Nokia’s first phones running Microsoft software may have sold enough units last year to help rebuild investor confidence in the Finnish company. (AFP Photo)
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Nokia’s first phones running Microsoft software may have sold enough units last year to help rebuild investor confidence in the Finnish company, which lost $19 billion in market value in 2011.

The Lumia handsets, which went on sale in Europe in November, probably sold 1.3 million units globally to operators and retailers by the end of last year, according to the average estimate of 22 analysts compiled by Bloomberg. The projections range from 800,000 to 2 million and only one analyst predicted sales of fewer than 1 million handsets.

“The numbers look promising,” said Espen Furnes, an Oslo-based fund manager at Storebrand Asset Management, which sold Nokia shares last year and counts Apple in more than $60 billion it oversees. “If Nokia is able to have a strong launch and surpass at least 1 million and keep that type of momentum, this would help put them in a credible position that is crucial to winning back investors.” 

Bloomberg