Nokia Corporation (NYSE:NOK) Relies On Windows 8 To Prove Lucky

When Microsoft Corporation(NASDAQ:MSFT) takes the curtains off the Windows 8 operating system for mobile phones on Monday, there will be a particular company hoping it can deliver the guaranteed transition for uses and fans of Windows tablets and PCs. Yes. Nokia it is.

For handset manufacturer Nokia Corporation (ADR)(NYSE:NOK), the new version of the operating system would represent the latest and potentially the last chance to find its way back into the growing smartphone industry.

The once overriding Finnish handset maker saw its fortunes decline drastically when initial iterations of Windows software for smartphones did not receive wide embrace. Also, Nokia had done away with its own operating system to favour the solution proposed by Microsoft.

Windows phone cover for a mere 4% of the smartphone market, having struggled to compete with Apple’s iOS and Google’s Android. As a consequence, Nokia got pushed out of the top 5 smartphone manufacturers in the third quarter of the year 2012. It is the first time that Nokia has not shown up in the rankings since researchers started compiling them in 2004.

Nokia and Microsoft are likely to avoid direct rivalry for their Windows 8 release this week. A spoiler event showcasing the latest Android devices from Google was cancelled due to anticipation of Hurricane Sandy in the New York City.

This is not the only timing issue to weigh down the Windows phone partners. Mobile operators have been complaining for being having to wait for over a month to sell Windows phones.

Nokia’s flagship Lumia 920 was released in the US at a lavish New York event sometime in early September. However, the first handset to operate on Windows 8 is not expected before a couple of weeks. It will only be available through one operator AT&T.

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Rogers first to sell Nokia Corporation (NYSE:NOK) Lumia 920, Slower growth for Baidu.com, Inc. (NASDAQ:BIDU)

The Chinese Internet giant Baidu.com, Inc. (ADR)(NASDAQ:BIDU)’s profit for the quarter ending September 30 has risen by 60 percent.  However, revenue growth has lost pace because of the slowdown in the economy.

The Beijing based company’s profits for the latest quarter were $478.6 million or 3 billion yuan.  Revenue rose 49.7 percent to $999.46 million or 6.3 billion yuan.  This is much lower than last quarter’s growth of 60 percent.

Baidu’s share in the Chinese Internet search market is 78.6 percent, way above the number two company, Google, which commands only 15.4 percent.

Rogers has announced that it will be the first carrier to sell the Nokia Corporation (ADR)(NYSE:NOK )’s Lumia 920.  John Bynton, Rogers’ Chief Marketing Officer has said that the phone will be available on the shelves of its few select stores soon.  The company has priced to the phone at $99.99 for a 3 year period and $549.99 for a month to month plan.  Currently, the phone is available only in black.

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Nokia Corporation (NYSE:NOK) Lumia 510 `coming soon’ in India

So far we have only heard about it and probably seen images of it leaked on to the Internet. Now it looks like we might actually have it to hold in our hands.

We are talking about the Nokia Corporation (ADR)(NYSE:NOK) Lumia 510 which runs on Windows Phone 7.8 operating system and was supposed to be launched last year itself.

The latest information about it is that it might launch soon accordion to some status update on Nokia India's Facebook page.

Complete with screenshots of the device, the Facebook update asks customers to 'stay tuned' and that an announcement is imminent.

So far the information gathered about the Nokia Lumia 501 suggests the following specifications - 4-inch LCD display, 5 megapixel camera, 800MHz Qualcomm MSM7227A processor, 256MB of RAM, 4GB of storage and supports the GSM/WCDMA/HSPA networks.

Since it is the Nokia India Facebook page which has been carrying the recent teasers, it may be safe to assume that the device will be sold in emerging markets in Asia such as India and China and probably other places as well.

The Finnish handset maker might start selling it by the end of the month to coincide with the festival season in India, when customers will be looking to buy new gadgets and devices.

According to various reports and rumours, the Lumia 510 is expected to be priced around $150 mark, which makes it a very affordable handset in emerging markets.

The European mobile phone maker is set to launch its smartphones Lumia 910 and 810 in early November, both of which devices will be running on Microsoft's latest operating software Windows Phone 8, scheduled to be launched this week.

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Nokia Corporation (NYSE:NOK) CEO Sounds Positive Even After Miserable Performance In Q3

Nokia Corporation (NYSE:NOK) has lost about $1.3 billion in its last quarter. It was the 6^thconsecutive quarterly loss of the company. It was made more dismal by the declaration that it sold just 6.3 million smartphones in the quarter, down from 16.8 million a year back. Among that, only 300,000 were sold in the important North American market, and 6.3 million unit total, which consisted of some Nokia’s Lumias.

It has been a tough quarter for Nokia. It has been difficult enough to shake the confidence of anyone who has bought Nokia’s retort story. CEO Stephen Elop, however, remains undaunted. He believes that Nokia’s fortunes are going to change and the change will be accelerated by the need of carriers for a third smartphone ecosystem, other than Apple’s iOS and Google’s Android.

Will NOK Hit $5 This Year? Find Out Here

Elop said in an earning call on Thursday that there is a dynamic that the company can see and hear. It is increasing concern among operators about the concentration of power that is landing with two particular ecosystems. He is expecting to see a new trend in among the operators in the West. Speaking of when such a trend will be visible in earnest, Elop said that 2013 seems to be an ideal time, starting to surface in Q4.

That may mean that with the launch of Nokia’s nest smartphone, Lumia 920 and others, the aforementioned trend will show up. So, if Elop is right, we may see Nokia regaining some traction in the future. If it does not, it may be the time to revert to that ‘burning platform’ memo.

Elop is open to the idea of encouraging Microsoft, HTC and Samsung to have their own devices in the market and to be making investments to help incite the ecosystem. He said that anyone else in the ecosystem will have to be some kind of competitor. 

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Stocks Down On Earnings: Nokia Corporation (NYSE:NOK), Morgan Stanley (NYSE:MS)

Nokia Corporation (ADR) (NYSE:NOK) surprised analysts, investors and tech watchers by reporting a smaller-than-expected loss in the third quarter and surpassing all revenue margin forecasts.

The Finnish handset make which is making a bid to recapture its former glory in the mobile handset market, reported a loss of 0.07 euros a share compared to a profit of 0.03 euros in the year-ago period.

Will NOK Hit $5 This Year? Find Out Here

Analysts had forecast a loss of 0.11 euros.

Net cash came in at 3.6 billion euros, down from 4.2 billion in June but ahead of market forecasts of 3.4 billion euros.

Underlying operating profit of Nokia jumped to 323 million euros from 6 million a year earlier, with cost cuts and rising sales helping to beat all analysts' expectations.

Sales of the current range of Lumia smartphones fell to 2.9 million from 4 million in the second quarter with significant slowdowns in China as well as Europe. Average selling prices dropped to 160 euros from 186 euros per phone.

Its new range of Lumia smartphones unveiled in September will start selling from November 1, according to reports.

After the results were announced shares in Nokia jumped more than 8 percent to 2.38 euros in the pre open session, however the stock gapped down and was recently down 4.42% to $2.81.

Meanwhile financial services firm Morgan Stanley(NYSE:MS) reported higher revenues and income on gains in its bonds and asset management businesses.

The bank earned $535 million for common shareholders in July to September, up from $39 million a year ago.

Revenue rose 18 percent to $7.6 billion after excluding the charge. That beat the $6.4 billion that analysts were expecting.

In a statement, CEO James Gorman said the results showed the bank's "balanced, strategically focused" game plan. He said he was "confident in our potential to enhance profitability and increase value for our shareholders in the quarters ahead."

Shares of MS are down 1% to $180.32 in early trade.

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Nokia Corporation (NYSE:NOK) Lumias to go on sale in Germany on Nov 1, Shares Up On Earnings Beat

Nokia Corporation (ADR)(NYSE:NOK)’s Lumia 920 and 820 will be released in Germany on November 1, according to German retailer Media Markt which has it listed on its website.

On that day customers will be able to get the unlocked, SIM-free Lumia smartphones at a price of about $582 for the Lumia 820 and $841 for the Lumia 920.

That makes it fairly expensive compared to competing smartphones in the market, especially the iPhone 5 which is retailing at about $720 in most markets.

While prices might go down in a few months that kind of price may deter purchasers who may well be trying out a Nokia Lumia smartphone for the first time.

Intomobile, which reported the development, said that carriers in Germany would also start offering the smartphones for free with contracts that could start at 25 to 30 euros a month.

Will NOK Hit $5 This Year? Find Out Here

In the United States, the country's No.1 network carrier, AT&T Inc.(NYSE:T ) has entered into an exclusive deal to sell the Nokia Lumia 920.

According to WPCentral, the company has entered into a six-month long exclusivity deal with Nokia for selling the phones.

Which means that customers who are on Verizon or T-Mobile will have to wait for six months before they can get their hands on the mobile and their carriers can start selling them, or switch their service provider altogether.

It all depends on the initial user experience of the Lumias, which is sure to be known within the first two days of it going on sale.

Nokia, it may be recalled, is tweaking the Lumias, which it launched in September, to suit the requirements of each of the carriers it has tied up with.

Shares of NOK jumped over 5% in the pre-open session the company’s Q3 revenue beat analysts’ target by 200 Million euros, while posted small adjusted operating profit instead of the expected loss. A better than expected results were driven by strong performance in emerging markets for Asha feature phone sales, which boosted margins as well.

Interestingly, the company has topped wall street’s estimates in terms of phone volume growth in the past two quarters, whereas analysts were projective a decline.

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Nokia Corporation (NYSE:NOK): Analysts Stick to their Underperform Ratings Ahead of Earnings Day

Analysts are not too optimistic about Nokia Corporation (ADR)(NYSE:NOK)’s performance as shares traded up 1.4% this morning before tomorrow’s third-quarter earnings. Sanford Bernstein’s Pierre Ferragu has rated the stock as “Underperform” stated 40% higher losses are expected in 3^rd quarter. Lumia shipments might be around 2 million in spite of predictions of 3 million. Lower-end smartphones from Nokia might do well initially, but does not stand a chance against Android’s low end.

Ferragu further predicts a cash burn of €750 million, although it is tough to call on a quarter. A progressive targeted ramp up of Lumia will lower estimates in the 4^th quarter; guidance in last quarter is weak. Overall, 2013, as of now, does not look too bright for Nokia.

Cowen & Co.’s Matthew Hoffman once again rated the Nokia stock as Underperform. He feels there will be tremendous top-line pressure in the Devices & Services (D&S) business and an EPS loss in-line with consensus. The 4^th quarter might see a slight increase in Lumia shipments and ASPs, due to the anticipation of the Windows 8 platform. Lumia Windows Phone 8 launches might solve immediate issues faced by D&S section, but it is not enough to resolve structural deficits in the long run.

UBS mentioned that Nokia will not have it easy in the smartphone market and RBC is positive that the company will lose share in the Microsoft network.

Shares of NOK have shown solid pre-earnings rally and rose all the way from $2.56 to $2.94 this week, gain of about 15%. Today, the stock was up 4.26% at $2.92.

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Nokia Corporation (NYSE:NOK) Market Share Might Undergo Further Decline in Q3

The plight of Nokia Corporation (ADR)(NYSE:NOK) does not look promising at all because predictions have revealed that sales will plummet and the company will lose more market share even though investors are eagerly waiting for the unveiling of Microsoft's Windows Phone software 8. This launch is supposed to be the “saving grace” for Nokia’s smartphones.

Nokia, which was a cutting-edge brand and a leader in the cellphone market for more than a decade, could not withstand competition from Apple and Samsung in high-end devices sector. Now it is also losing customers to Asian makers when it comes to lower-end devices. Samsung surpassed Nokia and became the world's No. 1 cellphone maker in the first quarter selling 86.6 million units, in comparison to Nokia’s 83 million.

How Should Investors Trade NOK Now? Find Out Here

The company dropped from a market share of 40% in 2008 to 29% in the last year. Reports state that the figures will be extremely dismal at the end of this year as well. 2^nd quarter losses totaled almost $1.7 billion and overall sales came to 7.5 million at a 19% decline. Investors are hoping that Microsoft’s liaison with Nokia might strengthen the latter’s position in the US.

Nokia realized the need to replace its Symbian software because rivals like Apple and Samsung had moved ahead due to having superior operating systems for mobile devices like the iOS and Google’s Android respectively. Symbian was replaced by Microsoft's Windows Phone software. CEO Stephen Elop stated that some losses would occur in the 3^rd quarter as the Symbian phones will take time to phase out.

Analyst Neil Mawston from London-based Strategy Analytics predicted that Nokia sales will drop to 83 million devices as opposed to 98 million by Samsung. Smartphone sales will also decline, coming to 8 million devices with Apple and Samsung way ahead with 27 million and 55 million.

Shares of Nokia had gone down drastically below €2 in mid-June, but it went up 13% in the past three trading session. Mawston stated that Nokia needs to convince investors that the collaboration with Microsoft will be fruitful because the competition is getting fierce and Nokia will have a hard time catching up, let alone surpassing its rivals.

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