But the iphone 5 is expected to sell 8-10 million by the end of launch week.
Which is crazy since it took the GSIII 2 months to do that with waaay more carriers. The 5 will be available in nine countries. Gene Munster believes that itll sell 6 million in a "worst case scenario."
I thought we established that Nokia >>> Samsung. Until Samsung has TEN phones like Nokia in the Top 10 best selling phones of all time, we can talk.
Congrats to them, they sell a lot of low end phones, and that's why they're losing so much money every quarter.
Quote:
The past three months haven't been the best for Finland's former world number one. It hasn't been helped by the three biggest credit agencies lowering the company's bond rating to "junk," and the Lumia 900's violently slashed price. Unfortunately the latest results reveal continuing gloom: the manufacturer made an operating loss of $1.01 billion dollars for the quarter. The company managed to make €7.5 billion in sales ($9.2 billion, down .5 billion since the last quarter), shifting four million Lumia handsets in the process. In fact, the only cause for optimism is that sales of the Lumia range have roughly doubled each quarter.
1.01b lost last year is nothing really when they have more billions of dollars in reserve. They can take a hit without doing that much damage. I'm sure they will make so much more money when the Godmia 920 comes out.
Nokia is taking action to manage through this transition period. While Q2 was a difficult quarter, Nokia employees are demonstrating their determination to strengthen our competitiveness, improve our operating model and carefully manage our financial resources.
We shipped four million Lumia Smartphones in Q2, and we plan to provide updates to current Lumia products over time, well beyond the launch of Windows Phone 8.
We believe the Windows Phone 8 launch will be an important catalyst for Lumia. During the quarter, we demonstrated stability in our feature phone business, and enhanced our competitiveness with the introduction of our first full touch Asha devices.
But the iphone 5 is expected to sell 8-10 million by the end of launch week.
Nokia is going to slay once again.