Nokia Stock upgraded to “Outperform” due to likely success of Nokia and Windows Phone as the third platform.

| January 6, 2012 | 56 Replies


Forbes is reporting that Nokia’s shares are getting a boost from, here we go, an analyst from Credit Suisse, Kulbinder Garcha. He is raising Nokia’s rating from Underperform to OUTPERFORM, with a new target of 6 euros up from 4.

Why? No, it’s not due to the reports of that other ‘analyst’ with love. They reckon that Windows Phone is going to be the third major cell phone platform because of Nokia.

“We fundamentally believe that Nokia’s focus on Windows will allow the company to drive a recovery through 2012 in both its top-line and earnings,”

“Longer term, we believe that Nokia can command a 13% market share within smartphones driven by Windows Phone platform based on three key factors,”

“First, we see sensible and aggressive pricing from the outset with initial Lumia devices priced between €180 to €300 to carriers. Second, we see decent support for Windows ecosystem as confirmed by our recent survey of carriers. Third, we believe that the quality of Windows platform is quite good, which, combined with Nokia’s brand, distribution, scale and [intellectual property] should enable it to capture smartphone share making it the third ecosystem behind Android and Apple.”

Garcha says that in a survey of 27 key exects at global carriers, they are very supportive of Nokia’s attempts, 85% of whom want the third ecosystem, with 77% saying that will be Nokia. Garcha ads that their survey showed that “both subsidy and volume share is expected to be markedly higher for Windows Phone over the next 12 months.”

2012 is when things start clicking in to place.

  • Nokia Windows Phones in volume
  • Nokia Windows Phone in high end
  • Nokia Windows Phone at entry level
  • Nokia Windows Tablet
  • Nokia Belle updates
  • Meltemi/Swipe for Next Billion
  • New Symbian Phones, possibly very high end
There’s a lot to indicate Nokia’s going to make good in 2012.

Source: forbes

Cheers Viipottaja for the tip!


Category: Lumia, Nokia, Windows Phone

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