Nokia Lumia Sales Seen Topping 1 Million in Relief for Stock
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Nokia Oyj’s first phones running Microsoft Corp. software may have sold enough units last year to help rebuild investor confidence in the Finnish company, which lost $19 billion in market value in 2011.
The Lumia handsets, which went on sale in Europe in November, probably sold 1.3 million units globally to operators and retailers by the end of last year, according to the average estimate of 22 analysts compiled by Bloomberg. The projections range from 800,000 to 2 million and only one analyst predicted sales of fewer than 1 million handsets.