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The Zacks Analyst Blog Highlights: Nokia, Microsoft, Apple, Google and AT&T

CHICAGO April 20, 2012 Nokia Corp. NOK Microsoft Corp. MSFT Apple Inc. AAPL Google Inc. GOOG AT&T Inc. T

Here are highlights from Thursday’s Analyst Blog:

Nokia’s Long Nightmare Continues

Nokia Corp. NOK Microsoft Corp. MSFT

$9,561 million $10,053 million $1,200 million 33 cents $300 million 12 cents 11 cents 6 cents

Apple Inc. AAPL Google Inc. GOOG AT&T Inc. T

On the other side, the company’s low-end offerings are facing intense competition from low-cost touch screen phones, predominantly from Asian manufacturers.

$1,742 million $571 million

$6,334 million

Devices & Services Segment

$5,520 million $2,215 million $3,004 million $301 million

$186 million $43

Nokia Siemens Network Segment

$3,831 million $191 million $5 million

Location & Commerce Segment

$360 million $47 million $21 million

Future Outlook

For the second quarter of 2012, Nokia expects its Devices & Services operating margin to be similar to that of the first quarter of 2012 or may be negative 3%. Nokia further expects to reduce the operating expense in this segment by more than €1 billion by 2013 from the 2010 level of €5.35 billion.


We remain quite skeptical regarding the success of the Nokia-Microsoft mobile venture. We believe the company will face margin pressure throughout 2012 mainly due to a highly competitive industry dynamics.

We, therefore, retain our long-term Underperform recommendation on Nokia. Currently, Nokia has a Zacks #5 Rank, implying a short-term Strong Sell rating on the stock.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

About Zacks

Leon Zacks

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

SOURCE Zacks Investment Research, Inc.

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