Can Nokia's Lumia 900 Steal Share From Apple?

Fri, 04/27/2012 - 09:16 EDT - Seeking Alpha

By ValueMax:Now that we have all seen Apple's (AAPL) explosive first quarter results, doubling profit to $11.6 billion - what's a competitor to do? With Apple selling 35.1 million iPhones last quarter, it might seem daunting to consider grappling with this juggernaut, but Nokia (NOK) and Microsoft (MSFT) recently laced up their gloves and entered the ring with the much anticipated, Lumia 900. And get this, over the last few weeks, retailers have been selling out of this long-awaited iPhone challenger. The phone is selling at a run rate of approximately 1 million units for Q2 2012. AT&T's online store even temporarily sold out of the Lumia 900 in mid-April. Now that says something.Recent sales results from AT&T (T) have just started to come in for the new Windows phone which launched on April 8, and believe it or not, retailers are selling out of their current stock while NokiaComplete Story »

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Can Nokia's Lumia 900 Steal Share From Apple?

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