Nokia Shares Fall to Five-Year Low as Rivals Gain Market Share
Published:
24 May 2004 y., Monday
Shares of Nokia Oyj, the world's largest mobile-phone maker, fell to their lowest in more than five years as competitors gain market share with more popular models.
The shares fell 20 cents, or 1.8 percent, to 10.90 euros in Helsinki, the lowest closing price since December 1998. Nokia is worth 50.8 billion euros ($61 billion), down from a peak of more than 300 billion euros in 2000.
As Motorola Inc. and Samsung Electronics Co. models with cameras and color screens gain in popularity, Nokia said last month that revenue may drop for a fourth straight quarter. Revenue at Espoo, Finland-based Nokia fell in 2002 and 2003 as Western markets became saturated, phone prices slipped and the dollar slumped against the euro.
Shares of Nokia have declined 20.5 percent this year, while Motorola, the second-biggest handset maker, gained 34 percent and Samsung, the No. 3, has added 1.6 percent. Nokia's decline this year means Samsung has overtaken the Finnish company as the world's largest technology company outside the U.S., based on market value.
Šaltinis:
Bloomberg
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
An International Monetary Fund mission led by Mr. Paulo Drummond visited Bissau during January 12-27, 2010, to discuss the government’s medium-term economic program that could be supported by the IMF under the Extended Credit Facility.
more »
The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed to support US$1.9 billion in debt relief for the Republic of Congo, which includes US$255.2 million of debt relief from the two institutions.
more »
In 2009, net external assets of Monetary Financial Institutions remained negative but increased by LTL 9.3 billion.
more »
Spain's Minister for Science and Innovation, Cristina Garmendia, supports making R&D+i at the heart of Europe as a key to economic recovery.
more »
Lithuania and Malta granted reprieve on budget deficits; Hungary and Latvia on track to meet deadlines.
more »
More responsibility for fishermen, rules favouring good fishing practice and adjusting fisheries management models to complement and improve the traditional quota system should be among the key aims of common fisheries policy reform, say MEPs in an own-initiative report approved by the Fisheries Committee on Wednesday.
more »
On January 8, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Yemen.
more »
On January 22, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Norway.
more »
Agriculture can help to slow climate change, but should be ready to adapt to the impact of global warming, said Agriculture Committee MEPs and scientists at a public hearing on Wednesday.
more »
The Ministers for Employment of the European Union are holding an informal council on Thursday 28 and Friday 29 January which will lay the foundations for drawing up the common policies in the area of employment which the European Union will adopt over the next ten years as part of the “2020 Strategy”.
more »