Lumia Sales cold restore Nokia confidence

Nokia's first mobile phones running Microsoft software could have sold enough units last year to have finally restored some faith in the company's investors, it has been claimed.

The Finnish mobile phone giant lost US$19 billion ($18.1 billion) in market value last year amid poor sales, however the Lumia 800 handsets are estimated to have sold 1.3 million units globally, according to Bloomberg.

Pareto Oehman analyst Helena Nordman-Knutson told the news provider that the Lumia series and N9 could help lift sales further for the firm in the coming months.

Fund manager at Oslo-based Storebrand Asset Management Espen Furnes said: “If Nokia is able to have a strong launch and surpass at least 1 million and keep that momentum, this would help put them in a credible position that is crucial to winning back investors.”

Nokia's latest mobile phone, the Lumia 900, is due to be launched in March with Microsoft set to spend US$100 million on its marketing push.

Posted by Claire Marshall

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