Nokia rising: stock breaks through $4 a share upon news of strong demand
For the beginning since mid April, Nokia's stock has bounced nearly 5% on the day to put information technology at $4 a share. The news appears to be due in part to a report from Liberum Capital (reported past the Economy News) that the Lumia 920 is withal selling well and what's more than, that it's coming dorsum in stock.
We reported yesterday that Amazon Wireless and even AT&T stores were now stocking the white, matte black and glossy ruddy Lumia 920s for immediate purchase. The timing is crucial as we caput into the concluding two weeks of the sales quarter and of grade the holiday shopping season, as this gives Nokia an opportunity to try and meet presumed demand for their flagship telephone.
Nokia'south stock took a hit this year, reaching a low of $1.63 back in July. Upon release of Windows Telephone 8 though and some cautious optimism, the price has steadily crept back up specially in the last few days.
It's withal trading beneath its 52 calendar week loftier of $5.87 a share but Nokia may exist on the verge of turning things around. Between positive reports of the Lumia 920, restructuring of the company and its leasing of its headquarters, investors are now seeing an opportunity with the Finnish company.
Of form the real day of reckoning will be when Nokia reports its 4th quarter results Jan 24th equally that is when solid sales figures are expected to be revealed. Liberum Uppercase estimates that their sales written report will exist positive:
"With almost two weeks still to go in the quarter we believe demand is likely to be high once again, leading to overall shipments of Lumia 920s likely to be above our current estimate of 3m units for the quarter.
"We also await another 2m units of other Lumia models in the quarter including the Lumia 510, 820, 822, 810, 505 etc. At this indicate nosotros believe volumes of the Lumia range including the 920 and the 920T are probable to remain stable in Q1'13 as well, since the phone will be shipping in book in many key markets including Prc only next quarter."
Practise you call up Nokia has finally righted the ship and is back on track? Let the states know in comments.

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Source: https://www.windowscentral.com/nokia-rising-stock-breaks-through-4-share-upon-news-strong-demand
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