Nokia’s Lumia 900 is Amazon’s Best-Seller (AMZN, NOK, MSFT, T, GOOG, AAPL)
Despite the fact that Easter and Passover holiday may not be the best time to launch a new product, Amazon. com Inc. (NASDAQ: AMZN) reports that the Lumia 900 from Nokia Corp. (NYSE: NOK) and Microsoft Corp. (NASDAQ: MSFT) led…
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No vendor sells the iPhone 4S from Apple Inc. (NASDAQ: AAPL) with a contract on Amazon, and the $499 price tag does not compare favorably with the Lumia 900’s $50 sticker price. Nokia/Microsoft’s other problem with the Sunday launch is that many of AT&T’s and Microsoft’s bricks-and-mortar stores were closed for the holiday.
One way to look at Lumia sales is that Nokia/Microsoft started from so far down that anything looks like up (and, in fact, is up). Another way to look at the sales is that the low-priced phone ($100 list, with yesterday’s $50 special from AT&T) could be shooting for a toehold in the low-end of the market for smartphones. If Nokia/Microsoft can actually make money on a $100 sales price, that will put a lot of pressure on the Android smartphone makers.
Paul Ausick
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.