It seems like Nokia Corporation (ADR)(NYSE:NOK) may have discovered a sweet spot in the smartphone industry with its new Lumia 920 handset.
Is Lumia A Real Turnaround Formula For NOK and Investors Should The Stock Now? Find Out Here
Early indications point out that the Lumia 920 is making decent sales. It has already managed to make it to the Amazon’s list of Top 10 best selling cellphones with service plans. Lumia 920 has ranked 2nd, as of Monday morning. A few models are also back-ordered for 1-2 weeks. At the same time, there are reports from Europe that reveal that the Lumia 920 is also selling pretty well abroad, particularly in Germany, where it is difficult to get hold of a place.
As per a statement that was posted on Facebook by Nokia Deutschland, a few retail partners of Nokia in Germany have faced Lumia 920 stock-outs ever since the device was available earlier this month.
Nokia has explained that it is due to high demands by customers that the company has received reports of stock-outs of the latest Lumia 920 in a number of shops. Nokia has assured everyone that it is working very hard on having all the models in all the colors available in Germany for interested customers.
A Nokia representative, when asked for a comment, said that the company is confronted with a lot of interest in its new Lumia lineup of smartphones. However, the spokesperson has refused to provide any information on sales figures.
If it is assumed that Germany is facing a situation of strong demand and not because of average demand has been met with modest supply, it is indeed very good news for Nokia. The company is relying on its Lumia lineup for reviving its otherwise declining smartphone sales figures. Undoubtedly, investors are seeing this to be the only way.
Nokia shares closed up over 6% on Monday, which is the biggest profit the company has seen in weeks.