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Nokia Handset Sales Seen Lower by Nomura on Microsoft Plans

Nokia Oyj’s handset revenue estimates were cut by Nomura Holdings Inc. analysts after Microsoft Corp. said the Finnish company’s current Lumia phones won’t be supported by its upcoming mobile operating system.

Nokia’s revenue from Internet-surfing devices like the Lumia 900 will be 6 billion euros ($7.5 billion) next year, compared with an earlier estimate of 10.9 billion euros, Nomura analysts led by Stuart Jeffrey wrote in a note today. The company will sell 34 million devices running Windows Phone in 2013, 41 percent less than previously estimated, they said.