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Pac Crest has joined Deutsche and Raymond James in questioning the strength of demand for...

Pac Crest has joined Deutsche and Raymond James in questioning the strength of demand for Nokia's (NOK) Windows Phone 8 hardware. Like others, it thinks initial sellouts were due to limited supplies, and believes AT&T is selling only 10K-15K Lumia 920 units/week. Altogether, it forecasts 1M WP8 shipments for Q4, with sell-through of roughly half that total. Meanwhile, Swedish carrier Tele2 says it has sold out its Lumia stock, but it received an initial shipment of just 2K-3K units. (Oppenheimer)
Comments (27)
  • wigit5
    , contributor
    Comments (3928) | Send Message
     
    Well that is disappointing, I hope they turn out to be wrong.
    12 Dec 2012, 02:33 PM Reply Like
  • alpha353
    , contributor
    Comments (2) | Send Message
     
    All these analysts are scared that they will have to walk back all their recent pronouncements of a MacPlanet. Wait till the new device Apple is rolling out - some folks call it a 'television' (hope I spelled that right) - wait till that underwhelms. 2013 will be a year a bitter year for many Wall St tech analsysts weened on the past 4 years of Apple dominance.
    12 Dec 2012, 05:53 PM Reply Like
  • josua
    , contributor
    Comments (42) | Send Message
     
    Nokia bashing will never cease.
    12 Dec 2012, 02:42 PM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    Oh but it will.

     

    It'll become a Nokia love fest as soon as all the analysts clients are all positioned. Watch for a bubble at that point. If one starts to appear there will be a blow off top, like Apple's recent peak at which point you should almost certainly sell and wait for it to settle back to a sane, sustainable level before buying back in, that is if you're in for the long term.

     

    I'm in for the long term, Nokia have a culture of doing cool stuff, they've been doing it for a long time now and that generates revenue, profits and dividends.
    14 Dec 2012, 07:22 AM Reply Like
  • horseman
    , contributor
    Comments (184) | Send Message
     
    The squeeky wheel does get THE oil. But, I am also reminded of the often validated axiom, " me thinks the lady doth protest to much". Patience IS a virtue, and in my 72 years I have found its' benefits to be more positive than adverse.
    12 Dec 2012, 02:43 PM Reply Like
  • Tecanalyst
    , contributor
    Comments (9) | Send Message
     
    Finally - just as with the Lumia WP7/7.5 launch - the true situation is becoming clear....
    12 Dec 2012, 02:49 PM Reply Like
  • lockman
    , contributor
    Comments (293) | Send Message
     
    My IT and photographer buddy has one. He loves it. He is taking pictures that people want reproduced for $$!
    Voice recognition is better than my phablet and the maps are great as well.
    The build quality seems very solid. Sound, bluetooth and battery are excellent as well.
    With W8 touch screen laptops coming out, it seems that this phone will be a winner.
    12 Dec 2012, 02:50 PM Reply Like
  • kmi
    , contributor
    Comments (3976) | Send Message
     
    What most NOK longs are looking for isn't instant domination but clear indications of profitability.

     

    Asset sales and improving the smartphone business are just one part of the picture. My personal belief is that NOK will perform a slow turn around and WPhone will gain fans over an extended period of time (years). There is entrenchment right now in ecosystems that won't shake loose quickly or easily.

     

    In the end I don't really care if NOK sells 2 phones or 2 billion as long as every month they are selling more than they did the prior month.
    12 Dec 2012, 02:53 PM Reply Like
  • Eld
    , contributor
    Comments (378) | Send Message
     
    @ kmi: if they keep doing so, they'll be bankrupt within a year.

     

    NOK is losing huge amount of cash in smartphones per quarter:

     

    Q1: EUR -1bn
    Q2: EUR -0.8bn
    Q3: EUR -0.8bn
    Q4: restructuring cash outflow!
    Q1 2013 and after: more restructuring! 38,000 employees making EUR 3.3bn sales, while AAPL makes $30bn with 30,000 employees (not only phones, tho).
    12 Dec 2012, 05:29 PM Reply Like
  • Sal Marvasti
    , contributor
    Comments (1364) | Send Message
     
    It seems the banks are just copying my research. actually I am kidding but I reached that conclusion long before, using independent research.
    http://seekingalpha.co...
    12 Dec 2012, 03:03 PM Reply Like
  • evildog
    , contributor
    Comments (627) | Send Message
     
    Well of course there will be concern, advice, warnings , scares and out right lies.

     

    When a stock jumps 30% those investment houses that missed out always WARN!! It serves to demonstrate they did not invest due to risks other may not understand, they need to show their investors they were actively protecting them .
    And often they are simply trying to find a point to buy.
    12 Dec 2012, 03:23 PM Reply Like
  • Sal Marvasti
    , contributor
    Comments (1364) | Send Message
     
    maybe, but i doubt it. They were buying in the $1-2.50 range.
    12 Dec 2012, 04:12 PM Reply Like
  • ericmeister
    , contributor
    Comments (350) | Send Message
     
    Lumia 920T also sold out in Amazon.com China now

     

    http://amzn.to/UD3Atz

     

    The higher price Lumia 920 is still available for order
    12 Dec 2012, 04:20 PM Reply Like
  • tomybhoy
    , contributor
    Comments (126) | Send Message
     
    Ah Shur, they might be sore they didnt do what Goldman Sachs and Morgan Stanley did in the third quarter buying Nokia shares while telling their clients to sell, they are late getting on the train.
    12 Dec 2012, 04:22 PM Reply Like
  • unwanted.r
    , contributor
    Comments (2) | Send Message
     
    Look, short interest droped weakly, but the daily volume almost trippled...
    12 Dec 2012, 04:25 PM Reply Like
  • sean14760
    , contributor
    Comments (2) | Send Message
     
    I could honestly care less, I have a 920 and I think it is great. If rumors are false great for Nokia, I am certainly pulling for them. If the rumors are true all it means for me os that their is less people out there using my phone which gives it a cool factor through being made more desirable. Since I can easily create any of the apps I really want which there isn't many that I already don't have that I need like it is a win win for me;)
    12 Dec 2012, 04:31 PM Reply Like
  • Eld
    , contributor
    Comments (378) | Send Message
     
    Now the reality is finally pointed out!
    12 Dec 2012, 05:27 PM Reply Like
  • alpha353
    , contributor
    Comments (2) | Send Message
     
    I already filled out the questionnaire. I do not understand what else is required.
    12 Dec 2012, 05:53 PM Reply Like
  • StephanJK
    , contributor
    Comments (46) | Send Message
     
    So far nothing, but speculation. This is what analysts always do...and at the end of the day, they are mostly wrong. Undoubtedly, Lumia 920 is an excellent piece of hardware and WP8 with the Nokia specific software is - in my opinion - superior to android. I'm sure, that quality will prevail.
    12 Dec 2012, 06:23 PM Reply Like
  • jrg1951@aol.com
    , contributor
    Comments (14) | Send Message
     
    Nokia will make a come back the pundits will always be losers and gripe about the stock in question. The shorts will have to cover pretty soon and then its to the moon Alice!
    13 Dec 2012, 01:39 AM Reply Like
  • nehul78
    , contributor
    Comments (2) | Send Message
     
    Rather than talking about Stockout can u just look at the phone and compare it with Competitors ?

     

    Iphone 5 is far behind Lumia 920 in terms of Features and design.
    13 Dec 2012, 02:56 AM Reply Like
  • Peter Faux
    , contributor
    Comments (24) | Send Message
     
    Pac Crest? Who is he???

     

    LUMIA 920 ROCKS!!!
    Sold out everywhere!

     

    - Its camera (PUREVIEW), city lens, maps, super sensitive screen, resolution, its image stabilization, low light performance, wireless charging, etc makes it just fabulous!

     

    - The Independent UK calls the Nokia Lumia 920 “probably the most advanced smartphone on the market”.

     

    - PhoneArena just chose Nokia´s PureView camera technology in phones as the best innovation of the year. Also Lumia 920 belongs to the best product designs of the year.

     

    - Lumia 920 won Gizmodo Australia’s Mobile Phone of the Year 2012 People’s Choice Award.
    13 Dec 2012, 03:00 AM Reply Like
  • bmwmc
    , contributor
    Comments (51) | Send Message
     
    "Believes" That's there research?

     

    Even if there half right what supply they did ship...ah SOLD OUT. So as supply increase so will sales. I for one believe they have done much better than 15K a month at ATT. Try 500K by Christmas and 3-5 million by Jan 1.

     

    I "believe."
    13 Dec 2012, 06:26 AM Reply Like
  • dweeebster
    , contributor
    Comments (53) | Send Message
     
    A major problem for Nokia is maybe that all the earlier very well made phones, such as my N95, refuse to stop working and I am a notorious tightwad. I guess Nokia doesn't understand planned obsolescence. Shame on them!
    Build it and they will come. The i-phones look dated now.
    13 Dec 2012, 10:08 AM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    if AT&T are only selling 10k-15k/week and Lumia are at the top of their charts (when in stock) then what are the others Samsung/LG/HTC selling?

     

    Less. Is the answer.

     

    Same old same old. Nokia are selling everything they can make as fast as they can make it.
    14 Dec 2012, 06:28 AM Reply Like
  • cenevz
    , contributor
    Comments (9) | Send Message
     
    Question for short NOK people? What is ur current range 2.8 to 3.05 euros? ANy tips please.
    14 Dec 2012, 08:45 AM Reply Like
  • riwm45
    , contributor
    Comments (96) | Send Message
     
    Pac Crest...I will treat you & your wife for dinner & I will show you how awesome the Lumia 920 is...it is better than the L800 & L800 & they sold 2.9 Million units 3Q on limited market...now they are selling the L920 worldwide. Not only that even the L800 & L900 are selling even better than 3Q....are you talking about the market in North America only......Sale here is a far cry on how it is selling in Europe.....LOL
    15 Dec 2012, 12:29 AM Reply Like
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