Monday, April 4, 2011

Nokia (NOK) Sees Strong WP7 Sales in 2012

Saying talks with Microsoft (NASDAQ:MSFT) are proceeding on schedule, Nokia (NYSE:NOK) sees 2012 being solid year for selling the devices built on the new Windows Phone 7 platform.

Kai Oistamo, head of corporate development at Nokia said, "Negotiations have progressed very well. They will be concluded well on schedule."

On February 11 the two companies signed a non-binding agreement for Nokia to use Windows Phone 7 as its primary smartphone platform while they work out the details.

Since then Nokia CEO Stephen Elop said it would be a couple of months before the deal would be finalized.

Nokia was trading at $8.68, gaining $0.13, or 1.52 percent as of 2:45 PM EDT.

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