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4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokia Corp    NOKIA   FI0009000681

NOKIA CORP (NOKIA)

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Nokia To Sell First Windows Smartphone In China In April

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03/28/2012 | 10:30am CET

Finnish handset maker Nokia Corp. (NOK) Wednesday said a Chinese version of its Lumia 800 smartphone will be available on the Chinese market in April.

The Chinese version of Nokia's first Windows handset, called Nokia 800C, is a CDMA-device, meaning it accesses the Chinese Code division multiple access network.

Nokia is launching the device exclusively with telecom operator China Telecom Corp. Ltd. (CHA), China's third-largest mobile carrier. The 800C device will be sold without contract for CNY3599 ($570), Nokia said.

Additionally, Nokia plans to sell a Chinese CDMA version of the Lumia 610 -- the company's cheapest Windows smartphone -- in the second quarter this year, also through China Telecom.

At 0754 GMT shares in Nokia traded 3.3% higher at EUR4.13.

-By Sven Grundberg, Dow Jones Newswires; +46-8-5451-3098; sven.grundberg@dowjones.com

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Financials (€)
Sales 2016 24 054 M
EBIT 2016 1 279 M
Net income 2016 -467 M
Finance 2016 3 407 M
Yield 2016 4,59%
P/E ratio 2016 -
P/E ratio 2017 37,19
EV / Sales 2016 0,82x
EV / Sales 2017 0,86x
Capitalization 23 119 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 5,26 €
Spread / Average Target 33%
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NameTitle
Rajeev Suri President & Chief Executive Officer
Risto Kalevi Siilasmaa Chairman
Marc Rouanne Chief Operating & Innovation Officer
Timo Ihamuotila Chief Financial Officer
Kari Henrik Stadigh Independent Non-Executive Director
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