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Windows Phone Sales And Nokia Patent Win

|Includes:Nokia Corporation (NOK)

There was some good news released today for Nokia shareholders. First, Microsoft CEO Steve Ballmer announced that Windows phones were selling at a rate "four times greater than autumn last year". This statement bodes especially well for the Lumia 920 given that it is likely the fastest selling Windows phone of the group.

The second bit of good news came after a judge ruled in favor of Nokia against Blackberry maker RIM in battle over royalties. Essentially RIM is now liable "to pay royalties and damages to Nokia for its ... sales of any subscriber terminals (handsets or tablets) ... compatible with the WLAN standard." The final ruling was issued on November 6th, but just made public today. Unfortunately for RIM all Blackberry devices support WLAN. Analysts have said that RIM may have to pay $3-5 per handset, which could amount to between $700M and $1.2B for Nokia. To ensure that RIM pays, Nokia has filed suit to halt all Blackberry sales in the US, Canada and the UK.

Disclosure: I am long NOK.

Stocks: NOK