Nokia Lumia 920 Sells Out In Germany, High Demand Seen In Asia

Nokia Lumia 920 Sells Out In Germany, High Demand Seen In Asia
Hermann / Pixabay

Early indications of sales for Nokia Corporation (NYSE:NOK)’s new Lumia 920 smartphone are promising for the manufacturer. So far the company seems to have sold out of its stock in Germany. Nokia Corporation (NYSE:NOK) Germany posted a notice on its Facebook page Friday that told buyers interested in the Lumia 920 that the phone was sold out in many stores that had it.

Nokia Lumia 920 Sells Out In Germany, High Demand Seen In Asia

Also, the black-colored version of phone has landed in second place on Amazon’s list of best-selling mobile devices that come with contracts. In the U.S. that version of the phone is only sold by AT&T Inc. (NYSE:T). Amazon’s lists show that the Lumia 920 is the number one most popular smartphone on the AT&T network, even beating out the popular Samsung Galaxy S3.

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This morning, shares of Nokia Corporation (NYSE:NOK) are rallying as investors reward the high demand for the company’s new smartphone. Shares of the stock are up over 5% in today’s trading session. Some analysts say that the reason Nokia’s smartphone sold out so quickly may have more to do with low supply in Germany. However there are also reports that supplies of the Lumia 920 sold out in Asia, but more units are expected to arrive by the end of this week. Also as ValueWalk reported earlier this month, pre-stocks of the Lumia did sell out in the Middle East in less than two weeks.

The Lumia 920 smartphone is one of the most prominent Windows 8 phones on the market. It features wireless charging and other unique hardware features. It has a 4.5-inch display, and it’s quite a bit thicker than many other competing smartphones. The phone’s camera has been touted by industry experts as one of the best smartphone cameras on the market.

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