Feeds

Bullish analysts: N8 will save Nokia

What's Finnish for Jesus?

Top 5 reasons to deploy VMware with Tegile

Strong operator demand for new kit from Nokia means the company may be emerging from its darkest period in modern history, according to a report from Morgan Stanley.

The company reckons the N8 camera phone, the first Symbian^3 device, will gross around €1bn in operating profit next year, and raised its rating and target price for the stock.

Another report, this time from Merrill Lynch, expects the new devices to halt the crash in Nokia's margins. Without much to offer in the smartphone category, margins have crashed from 18 per cent in 2008 to around seven per cent now, as cheapie phones gain a higher proportion of the mix. Nokia has missed its own guidelines for its previous two quarters, but Merrill doesn't anticipate that happening again.

Nokia today confirmed availability of the N8 through Nokia's store in the final week of the month, priced at £429 SIM free, and widespread operator availability on Friday 1 October. The phone was originally expected in late spring, but has been pushed back to avoid a repeat of the buggy debacle that was the N97.

The strong demand for the N8 demonstrates Nokia's underlying strength in the phone business, but also its astonishing complacency over the past three years as the market turned to touchscreens. The N8 isn't as slick as some rivals with direct-manipulation UIs, nor as high-specced as some others - but it's markedly nicer to use than its predecessors and is well designed. It also has a single easily-grokked USP - its camera.

With Nokia's designated high-end Unix-based successor to Symbian not quite ready for prime time (will it ever be?), and the major revamp of Symbian (^4) not ready either, the company needs a strong bunch of Symbian^3 products.

Reuters cites unnamed sources confirming that keyboard variant of the N8, the E7, will be launched at Nokia World in London next week.®

Security for virtualized datacentres

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
Drag queens: Oh, don't be so bitchy, Facebook! Let us use our stage names
Handbags at dawn over free content ad network's ID policy
Comcast exec: No, we haven't banned Tor. I use it. You're probably using it
Keep in mind if, say, your Onion browser craps out on Xfinity
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.