With shares of Nokia (NYSE:NOK) lingering below the $5.00 mark, it makes the mobile phone company an interesting company in 2012.
A significant number of those watching the company appear to have put far too much emphasis on the Nokia's first release of a Microsoft's (NASDAQ:MSFT) Windows Phone 7 phone in Europe, which has only gained about 2 percent market penetration.
The assumption is the phone has been rejected, when if fact there is no doubt it was more of a trial balloon to get feedback from the market.
That's not to say Nokia wouldn't have loved to have been surprised by the offering, but it was never the purpose.
Until they roll out a few offerings using Windows Phone 7, we won't really know how the market responds to the company. The conclusion of some that the Nokia, Windows partnership has failed is premature, to say the least.
That said, 2012 is a crucial year for Nokia, and they need to gain some traction to convince investors they can generate growth going forward.
It'll be very interesting to see how the U.S. market responds when the company releases its first phone there, which will be in early 2012.
If Nokia is able to generate some legitimate interest, the current share price could definitely be considered a bargain.
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