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Nokia Shipped More Than 1 Million Lumia’s in 2011

Nokia Shipped More Than 1 Million Lumia’s in 2011

The Nokia Lumia handsets went on sale in Europe in the month of November last year and now they have sold about 1.3 million handsets all across the globe to both, operators and retailers. This was an estimate given by Bloomberg that compiled the estimates given by 22 analysts. The projections of these analysts ranged from somewhere between 800,000 to 2 million, whereas only one analyst projected a sales of less than 1 million.

“If Nokia is able to have a strong launch and surpass at least 1 million and keep that type of momentum, this would help put them in a credible position that is crucial to winning back investors.”

Says Espen Furnes, a Fund manager at Storebrand Asset Management based in Oslo.

However Nokia’s CEO Stephen Elop has refused to release any sales forecasts related to its Lumia handsets and have decided to keep the expectations on a lower level initially. He said that there is long-term work that involves building an “ecosystem” of applications and developers colaborated with Microsoft. This partnership with the world’s largest software company was initiated on 11th of February last year.

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