Analyst Predicts 1M+ Nokia Lumia 900 Sales In Q2

In a note to the clients, Jamie Townsend with Town Hall Investment Research says that Nokia Lumia 900 sales through AT&T may top 1 million units in Q2.

“Nokia‘s Lumia 900 is selling at a run rate in excess of 1 million units for Q2, 2012,” he wrote. “In our view, this would significantly exceed AT&T’s and street estimates for the 900 and indicate that the Nokia/Microsoft alliance is showing early signs of success.”

AT&T only sold 1.8 million non-iPhones in Q1 2012, making 1 million Nokia Lumia 900 sales on the network a pretty ambitious target.

He came to this number from ABI research which in turn predicted using the stats from super successful Windows Phone app developer FourBros studios.

FourBros highlighted its recent success with Taptitude, a free game on WP7. It further highlights how the app’s user base was split among different WP7 devices over the last thirty days. Aapo then took the data, made some assumptions and came up with the conclusion that Lumia 900 sales at AT&T are tracking at a level in excess of 1 million for Q2, 2012. Should this be accurate, we believe it would significantly exceed street expectations for the Lumia 900 and be the first real indicator of potential success for Nokia and Microsoft.

Townsend maintained a buy on Nokia’s shares, noting the success of the Lumia line meant the company was “on the verge of a recovery.”

Nokia’s share are trading at a 15 year low, meaning either the company is on the brink of collapse, or the shares are a perfect opportunity to get in at the bottom of a tech giant’s turn around.

Source: Barrons 

Thanks to Arun & Romit for the heads up.

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