Business and Financial Education: A Canadian Perspective.
Monday, January 23, 2012
NOKIA / Microsoft Lumia Phones Reported to Have Strong Sales. Over 1 Million Sold and Counting. Microsoft Could Finally be Gaining Some Steam in Smart-Phone Market.
According to the Financial News Network, Nokia may have already shipped over 1 million Lumia handsets. The Lumia is the first handset that runs Microsoft's software. The product is considered a must-sell for both Nokia and Microsoft as they have been struggling to gain any traction in the hyper-competitive smart-phone marketplace.
According to analyst projections, Nokia could be undervalued by over 20% at a current price of $5.71 and an average price estimate of $6.96. Does this mean go in guns blazing and purchase your lots of Nokia or Microsoft shares right off the hop, of course not. But Intelligent Investors should definitely be considering some Microsoft (NASDAQ: MSFT) shares for their portfolios. If reports of Lumia sales are accurate, the two companies could be starting to gain some steam in this lucrative market.