Nokia: Lumia Sales Show Promise

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. NEW YORK (Trefis) -- Nokia announced its Q4 2011 results Thursday and put total Lumia sales at "well over one million." However, this wasn't enough to compensate for the flagging sales of older Symbian smartphones in the market, as the overall smartphone sales fell 31% year-on-year to just under 20 million. In comparison, Apple sold more than 37 million iPhones in the bumper holiday quarter. The comparison may be a tad unfair, considering that the Lumia hasn't had enough time in the market to create a big impact, but this shows what it is up against. Apple and the horde of Android smartphones in the market have created two firmly entrenched ecosystems that customers have familiarized themselves with. To create a third ecosystem with Microsoft, Nokia will now have to battle long and hard but the first signs of this partnership coming along are nonetheless encouraging. ... Click to view a price quote on NOK. Click to research the Telecommunications industry.

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