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Nokia (NOK -3.1%) hit new lows again thanks to bearish notes from Wells Fargo and Bernstein;...

Nokia (NOK -3.1%) hit new lows again thanks to bearish notes from Wells Fargo and Bernstein; shares are down 26% since the company's Q1/Q2 warning. Wells joins others in asserting Lumia shipments won't offset the collapse in Symbian sales, while Bernstein is worried about consumer interest in Lumia phones (Q1 sell-through is pegged at just 1.1M-1.4M) and a Q1 ASP of just €220 (likely to rise in Q2 thanks to Lumia 900 sales). (earlier)
Comments (13)
  • DeepValueLover
    , contributor
    Comments (8526) | Send Message
     
    Lumia sales are increasing faster than Symbian sales are collapsing...

     

    At least that is what I've been led to believe.
    20 Apr 2012, 06:25 PM Reply Like
  • KIA Investment Research
    , contributor
    Comments (8526) | Send Message
     
    Haha, again with the positive NOK comments!
    Are you maybe changing your tune about NOK dear DVL?
    20 Apr 2012, 08:25 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8526) | Send Message
     
    I was paraphrasing the siren song of the Nokia true believer.

     

    I will go long Nokia when earnings growth, margin growth and profit margins improve significantly.

     

    With current management, that is highly unlikely.
    28 Apr 2012, 02:15 PM Reply Like
  • dweebster
    , contributor
    Comments (329) | Send Message
     
    Well guys, when it rains it pours. This, as everyone knows, was going to be the worst quarterly report. Now, it's gut check time. Does Nokia have the heart to make it?

     

    It is now in the hands of people, one by one, who will decide how to spend their money, based on what they think about the company, it's products and their past or expected experience.

     

    The wall streeters can only see data as it is now, not in the future any more than any of us can. They blow with the wind.

     

    Talk about nuts, I had a "vision" today of Nokia not ruling the world, but making good phones with most features people need without the pricey sidebar stuff that Apple makes. And doing pretty well. Again, with all respect to Jobs, who is one of my heroes. If Nokia survives at all, it will be because Steve Jobs forced it to become a better company. Period. And trust me folks, I know, I own an N95 that is so well made that NOTHING can destroy it - but the software is truly, truly crap. Getting rid of Symbian was the ONLY way.

     

    .
    20 Apr 2012, 08:57 PM Reply Like
  • kliper
    , contributor
    Comments (4) | Send Message
     
    Have a look at this graph: It shows the NOK vs. MSFT since the cooperation deal was signed to me this is quite amazing. How can the market discount NOK so much without MSFT paying a price ?

     

    http://bit.ly/JfpvWg
    21 Apr 2012, 07:12 AM Reply Like
  • dividend_growth
    , contributor
    Comments (2888) | Send Message
     
    It seems those single comment NOK pumpers still haven't given up, which means NO BOTTOM yet!
    21 Apr 2012, 09:39 AM Reply Like
  • kliper
    , contributor
    Comments (4) | Send Message
     
    If you are referring to me then I am just new to the site. Have a look at the graph, really, there's am 80% difference in the market response to MSFT vs the reaction to NOK since the deal. Not saying NOK should not drop but how can MSFT perform independently, I mean they are kind of tied together ?
    21 Apr 2012, 03:02 PM Reply Like
  • Seeking10%
    , contributor
    Comments (4) | Send Message
     
    Heh, you do realize that msft makes other things right? Wp is reported as part of the entertainment and devices division which is about 10% of msft revenue - lots of good info in their quarterly report
    22 Apr 2012, 12:26 AM Reply Like
  • kliper
    , contributor
    Comments (4) | Send Message
     
    ~10% is true for current results, not for future prospects. MSFT is putting a lot of weight on it's mobile platform. To my opinion way more than 10% of the focus is given there. True there's PCs, and Serevers & Tools, etc... But, think for a second what a failutre to penetrate this market, which would mean devastation of NOK, would mean for MSFT. My guess is it would hurt, and I don't see this reflected in the stock price. There's a definite discrepancy between the way Mr. Market treats NOK -60% and the way it treats MSFT +20%.
    22 Apr 2012, 07:53 AM Reply Like
  • rockymountain
    , contributor
    Comments (31) | Send Message
     
    Mr. DVL, hope your sides aren't splitting when you speak of Lumia 900 fast sales. Maybe someday 2 turkeys could become an eagle, don't you think?
    22 Apr 2012, 01:00 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (8526) | Send Message
     
    The Lumia 900 is a magnificent phone at that price point.

     

    The problem is the vomit quality marketing (EASTER WEEKEND!!?!?!?)

     

    http://onforb.es/JPelKj

     

    Even if Apple and Nokia were set to zero tomorrow and given an even start to re-build their brands and sales, Apple would win just on marketing alone!!
    28 Apr 2012, 02:19 PM Reply Like
  • mikety
    , contributor
    Comments (33) | Send Message
     
    Microsoft to buy NOKIA!
    22 Apr 2012, 06:38 PM Reply Like
  • sreimer77
    , contributor
    Comments (239) | Send Message
     
    The facts are not whats driving Nokia down, it is the US Media, Investment community that is SHORT NOKIA and LONG APPLE> They don't want to see this trade un-ravell. The article talks about US statistics, so based upon US Statistics, Lumia has already sold more phone's YTD then Symbian line. Nokia did not sell anything in the US last year, so from next to nothing to two million plus device's YTD, is call exponenetial growth.

     

    You need to break down the markets to gain a true perspective. We will have to wait and see if in China, through China Mobil, if Lumia sales are increasing at a faster rate then Symbian is decreasing. But to compare markets otherwise is foolish and deceptive.
    23 Apr 2012, 10:28 AM Reply Like
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