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.
In an impressive effort, Nokia shipped a brand new handset the same year, the Lumia 800, and even in the short development time made it one of the most desirable Windows Phone handsets available yet.
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.