Skip to content
Subscriber Only

Nokia Falls on Analyst Report of Lower-Than-Expected Lumia Sales

Nokia Oyj, the world’s biggest maker of mobile phones, declined as much as 6 percent after analysts said the company’s first Windows Phones shipments were lower than expected.

Nokia may have shipped less than 1 million units for the quarter, with sales to customers of less than 500,000, James Faucette and other Pacific Crest Securities Inc. analysts wrote in a report dated yesterday. Doug Dawson, a spokesman for Espoo, Finland-based Nokia, declined to comment on the report.