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NOK Market Currents
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Friday 6:52 PM Buying Nokia (NOK) under $3 today is like buying Ford under $2 in '09, argues SA's Jacob Steinberg. As was the case with Ford back then, Nokia commentary is filled with talk about market share losses, cash burn, and credit rating downgrades. However, also like Ford back then, Nokia maintains a powerful brand and significant cash reserves, and is rolling out compelling new products.
4 Comments[Tech, Quick Ideas]
- Friday 4:55 PM Thanks to Nokia's (NOK) Lumia releases, Windows Phone (MSFT) managed to account for 4.1% of Western European smartphone sales in Q1, per IDC. Android (GOOG) had 55% of the market, the iPhone (AAPL) 25%, and BlackBerry (RIMM) devices 9% (down from 17% a year earlier). A Microsoft exec recently claimed Windows Phone had 7% of the Chinese smartphone market. Nokia's high-end Lumia 900 was launched early in Q2. [Tech]
- Thursday 11:53 AM Looking to cut costs in the face of plunging revenue and significant cash burn, Nokia (NOK) has broken up its annual Nokia World conference, typically a big gathering, into several smaller events. Moreover, the first event will be invitation-only. VentureBeat's Sean Ludwig isn't pleased. [Tech]
- Tuesday 5:09 PM In an interview with FierceMobile, Zynga (ZNGA) mobile VP Travis Boatman says his company is focused on maintaining a "freemium" model for its games, while occasionally charging for ad removal and other features. He also suggests Zynga is open to developing for Windows Phone (MSFT, NOK), but doesn't provide any firm commitments. Separately, Zynga has announced a partnership with American Express that allows cardholders to earn Zynga virtual game cash. [Tech]
- Monday 12:43 PM Taiwan's MediaTek, long a top baseband chip supplier to Chinese and white-label OEMs, has landed 2G baseband chip orders from Nokia (NOK), Digitimes reports. This could be a negative from Broadcom (BRCM +2.5%) and STMicroelectronics (STM +3.5%), who have grown their baseband chip sales to Nokia as former top supplier Texas Instruments gradually exits the market. [Tech]
NOK in Focus
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at MarketWatch.com (Tue, 1:08PM)
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at MarketWatch.com (May 18, 2012)
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at CNBC.com (May 18, 2012)
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at CNBC.com (May 15, 2012)
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at CNBC.com (May 14, 2012)
NOK Press Releases and Filings
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Currently, there are no press releases or filings on NOK.
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Company Description
Currently, there's no company description for NOK.