Nokia Corporation (NOK)

[str8_chuter]

As Teaks has already mentioned, the exclusive with AT&T is limited. I believe it lasts 6 months. If Verizon is next in line, that is a very big deal.

BTW, I just read the NOK analyst forecasts. Average estimate is a paltry $37.9B in revenues in FY '13. The most optimistic estimate of the 15 analysts is $48.7B. Now unless they defer a bunch of revenues on handsets, my guess is these numbers are too low.

China Mobile now has 707 million subscribers. Perhaps 5% of these buy the 920T. I don't know what price was negotiated by Nokia per phone but for ballpark purposes, let's say something on the order of 500 bucks. That comes to over $17B in revenues alone. If they get just 25% of the subscriber base to buy an Asha (where I will use a conservative price of $85), that would be another $12B in revenues. Over $29B just from China Mobile.

But again, I don't know how much they defer on handsets. Maybe someone else can chime in and poke holes in my overly simplistic forecast.