Deutsche Bank disagrees with analyst, says Nokia on track to sell 2 million Lumia 800′s

Posted on Nov 27 2011 - 6:50pm by Mike Wewerka

Will they or won’t they, that’s the question when it pertains to Nokia and the sales of their Lumia 800 in the U.K. Late last week we posted on a reported that said that analyst James Faucette of Pacific Crest, dropped his prediction of 2 million Lumia 800 units being told to just under 500,000. Because of this report, Nokia’s stock dropped and the internet went into reactionary mode, posting reports that Nokia was going to be in trouble if these numbers were indeed true.

Deutsche Bank has now thrown their hat into the ring and reaffirmed that Nokia is on schedule to sell 2 million devices as previously reported. While no firm sales data has been released by Nokia, they have said that they are having a hard time keeping the device on store shelves.

So who’s right and wrong? We’ll have to wait for Nokia to release some hard numbers in a few weeks. But I’m going to go out on a limb and say that sales won’t hit the 2 million mark, but will probably be somewhere in the middle. We shall see.

Fourth-quarter sales of Nokia’s new Lumia line of smartphones will reach 2 million units, Deutsche Bank reaffirmed this week. Nokia’s stock took a hit this week as a number of analysts cast a shadow on its debut Windows Phone-powered smartphones. Pacific Crest’s James Faucette cut his sales estimates this quarter from 2 million units to just 500,000, and Bernstein Research analyst Pierre Ferragu said the phones were too expensive and lacked innovation. Analysts at Deutshe Bank disagreed, however, reiterating earlier sales estimates of 2 million Lumia phones this quarter. No doubt bolstered by an Xbox promotion, Nokia announced earlier this week that its flagship Lumia 800 has been difficult to keep on store shelves in the United Kingdom. Nokia has not yet announced its plans for Windows Phone devices in the U.S., though the vendor is widely expected to launch its Lumia 800 and several additional models in the U.S. in early 2012.

Source: MENAFM