HELSINKI: Nokia's stronger-than-
expected quarterly results mean the
mobile phone maker now has
breathing space and better options to
help it claw back a place alongside
Samsung and Apple in the
smartphone market.
The Finnish handset maker, whose
fall from market leader to loss leader
was so bad its chief executive said
two years ago it was on a "burning
platform", may even be in a position
to list or sell its Nokia Siemens
Networks (NSN) arm at a premium,
instead of having to auction assets
cheaply as had been feared.
Nokia's improved performance also
gives it time to carry on marketing
the new Lumia handsets on which it
is staking future smartphone success,
which were launched in November
and have recently gone on sale in
crucial markets like China and India.
"Reasonable Lumia volumes and
much better margins and guidance in
devices could reframe the debate on
the longterm sustainability of the
handset manufacturing business,"
said Morgan Stanley analyst Francois
Meunier.
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| ASHA MODEL |
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| LUMIA 920(NOKIA' FLAGSHIP ) |
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