Nokia sales projections slashed 41% after WP8 announce
"Nokia Corporation (NYSE:NOK) (BIT: NOK1V) (AMS:NOKA)’s projected sales for the year 2013 have been slashed 41% off, by Nomura Holdings Inc. analysts. The main reason for the cut is Microsoft Corporation (NASDAQ:MSFT) announcement that the Finnish company’s Lumia phones won’t be supported by Microsoft’s upcoming Windows 8 Pro mobile operating system."
http://www.valuewalk.com/2012/06/nokia-corporation-nok-sales-estimates-down-41-after-microsoft-snub/
I think Microsoft really needs to do something to save Nokia. If their biggest partner goes under then it's going to not only be a hit for their mobile reputation but it is going to scare off any OEM traction they are going to get from the WP8 launch. My suggestion is that Microsoft buys a large stake in Nokia (not takeover) so they can at least make it look like they believe in Nokia's success.
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