Initial sales data for Nokia's (NOK) Lumia phones is discouraging, with Pac Crest predicting fewer than 1M shipments in Q4 - below a prior forecast of 2M, and a tiny fraction of the ~30M iPhones analysts expect AAPL to ship. It's still early, and new carrier partners and phone releases could bolster Nokia's standing. But the company definitely faces an uphill battle challenging Android (GOOG) and iOS.
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