Analyst company IC Insights has revealed in its 2014 edition of IC Market Drivers report that it believes Nokia will ship 34 millions smartphones in 2013.

Using some clever maths (ie subtracting the number of shipments Nokia has already confirmed for Q1, Q2 and Q3), NokiaPowerUser was able to deduce that the analyst expects Nokia to sell 11.7 million Lumias in Q4, for a 33% growth from the 8.8 million in Q3 2013.

The target is somewhat steep, but then it will be the holiday season, which in theory should automatically guarantee a bumper quarter. Nokia is expected to have two new handsets on sale over the season, the Nokia Lumia 525 and the Nokia Lumia 1520, and the Nokia Lumia 925, 1020 and 520 should hit new low price points, which should also help.

Do our readers think Nokia can sell that many handsets during the holidays? Let us know below.

Via NPU.