Nokia now worth three months of Apple cash

Here’s the stylish for NOK from Google Finance. See Nokia’s underway mart valuation? It’s barely hovering at $25.54 billion. This effectuation Wall Street is now valuing the #1 handset concern in the concern at about the aforementioned as Apple’s terminal quarterly income of $24.67 billion. Apple’s mart valuation? $321.81 billion. Another artefact of hunting at it? Nokia’s sound playing could be also worth inferior than Skype.

Nokia yesterday issued profit warning, telling investors to stock for impact. author Elop, the CEO, told investors on a word call that “Android is gaining strength”, adding “Apple is Apple, of course”. as Apple and Android cut into its sales on the high-end and affordable Chinese phones ate its meal on the low-end. Shares directly walk 18 percent, a thir****-year low for the company, erasing nearly four 1000000000 euros in mart value. An crescendo sort of investors are now worried that by the time author Elop pulls its illusion tricks with Windows Phone, Nokia strength deliver so such mart deal that it would never recover. Look no boost than the stylish numbers…

Even though Nokia is ease the directive sound concern in the world, its mart deal has been evaporating at a rapid measure â€" especially in smartphones. According to IDC, Nokia went from a 38.8 smartphone mart deal in the first lodge of 2010 to 24.3 percent a assemblage later, patch Apple’s deal grew from 15.7 percent to 18.7 percent in the aforementioned period. Nokia sold 24.2 meg smartphone units versus 18.7 meg iPhones, making Apple the second-best smartphone vendor globally.

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