. Nokia's stock took a hit this week as Pacific Crest analyst James Faucette cut his sales forecast for Nokia's first two Microsoft-powered smartphones. Having initially estimated that fourth-quarter sales of Nokia's Windows Phones would approach 2 million units, the analyst dropped his expectations to just 500,000 devices, saying early checks indicated lower than expected sell-through. Bernstein Research analyst Pierre Ferragu piled on, writing in a note this week that Nokia's new phones offer no “breakthrough innovation” or price advantage that might draw attention away from the competition.
Boy Genius Report, Nokia Lumia 800 sold out in U.K. despite rumors of weak demand
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