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Nokia to sell 2 million Lumia phones in Q4, Deutsche Bank says

Updated Dec 19th, 2018 7:36PM EST

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Fourth-quarter sales of Nokia’s new Lumia line of smartphones will reach 2 million units, Deutsche Bank reaffirmed this week. Nokia’s stock took a hit this week as a number of analysts cast a shadow on its debut Windows Phone-powered smartphones. Pacific Crest’s James Faucette cut his sales estimates this quarter from 2 million units to just 500,000, and Bernstein Research analyst Pierre Ferragu said the phones were too expensive and lacked innovation. Analysts at Deutshe Bank disagreed, however, reiterating earlier sales estimates of 2 million Lumia phones this quarter. No doubt bolstered by an Xbox promotion, Nokia announced earlier this week that its flagship Lumia 800 has been difficult to keep on store shelves in the United Kingdom. Nokia has not yet announced its plans for Windows Phone devices in the U.S., though the vendor is widely expected to launch its Lumia 800 and several additional models in the U.S. in early 2012.


Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.