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BGR reports that RBC has raised Nokia’s Q3 outlook and said that the situation is not as dire as it appears. The analyst has set a target price of $9 and has said that the situation seems to be improving.

Key take away :

Q3 shipment estimate increased to 100M devices from 89mReiterates “outperform” rating on Nokia stockDemise of Symbian Sales not as steep a drop as previously expectedGood response to Nokia’s dual-Sim devices.Feedback on Nokia Windows Phone may be encouraging, with launch before holiday season.

The analyst reports that  ”Nokia may be seeing better trends for its dual-SIM devices and less of a decline in its traditional Symbian devices than originally expected”. Upcoming Windows Phone Mango based handsets are also expected to significantly boost sales for Nokia’s high end smartphones.

[Source - BGR via MyNokiaBlog]

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