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RBC raises Nokia's Q3 outlook

Sunday, August 28, 2011 10:43 AM

Posted by best

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 :

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  • 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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