Bloomberg compiled estimates by 22 separate analysts, with projections ranging from 800,000 to 2 million, with only one analyst predicted sales of fewer than 1 million handsets.
Espen Furnes, an Oslo- based fund manager at Storebrand Asset Management said:
The numbers look promising. If Nokia is able to have a strong launch and surpass at least 1 million and keep that type of momentum, this would help put them in a credible position that is crucial to winning back investors.
Nokia, which lost $19 billion in market value in 2011, announced they were forming a strategic partnership with Microsoft back in February 2011. Shortly afterwards they confirmed all Nokia phone production would ship to using Windows Phone OS and Stephen Elop confirmed in March that a Nokia Windows Phone handset was already underway.
Now the Lumia 800, cheaper Lumia 710, and the recently announced Lumia 900 need to establish a pedigree of Windows Phones handsets that put Nokia back on the map, and push the envelope of the, so far, bland Windows Phone handset design.