Nokia's Lumia 920 LTE smartphone experiences jump in sales
AT&T's Nokia Lumia 900 launch may have been voted one of the FierceWireless Top Turkeys in 2012, but early indications are that Nokia is faring somewhat better with its new flagship smartphone, the LTE-capable Lumia 920.
According to Bloomberg, Nokia shares rose the most in a month (by 5.5 per cent to €2.23) after it was reported that the Lumia 920 had sold out in Germany. Sales of the smartphone started in November, and the Finnish company is now apparently pulling out all the stops to get more 920 smartphones back into German shops.
A further report from Dow Jones Newswires suggested that the Nokia Lumia 920 is generally experiencing high demand: According to Amazon's sales chart the smartphone has not only sold out in Germany but is also the second-biggest seller in the US after Motorola's Droid Razr Maxx HD 4G.
It is still too early to say whether sales of the Lumia 920 will create a turnaround for Nokia. Michael Schroder, an analyst at Finnish investment services company FIM, told Dow Jones: "While interest in Nokia's new device seems to be high, the fact that it has sold out in Germany could also be a result of modest supplies."
Nevertheless, any good news is welcome for the embattled Nokia, which is banking on the Windows Phone 8-based Lumia smartphone portfolio to revive its fortunes and improve sales. New models are expected before the end of the year, but the situation remains challenging in the face of competition from new Android-based smartphones and the Apple iPhone 5.
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