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
The European Commission has decided to grant an extension of the deadline for the divestment of Fortis' corporate banking business, consisting of Hollandsche Bank Unie N.V. (HBU), two corporate client departments, 13 "Advieskantoren" and ABN AMRO's Dutch factoring activities to Deutsche Bank.
more »
MEPs will vote on an emergency plan to help the crisis-stricken sector dairy sector on Thursday after the Agriculture Committee approved the Commission's proposal on Monday evening in Strasbourg.
more »
The EBRD is boosting competition in the Montenegrin retail sector with a loan to expand the supermarket network of one of the leading retailers in the country.
more »
Redmond, Wash. — Oct. 16, 2009— On Oct. 19, Microsoft CEO Steve Ballmer heads to the sold-out Microsoft sharepoint Conference in Las Vegas where he will address more than 7,000 sharepoint customers, partners and developers.
more »
Proposals tabled for collaboration on sea surveillance, bigger EU role in global maritime affairs and sustainable fishing.
more »
$50 million financing package for agricultural commodities operator.
more »
Seeking to increase sheet-metal production volumes, Stansefabrikken decided to move all company’s production from Lillesand (Norway) to Stansefabrikken’s successfully operating factories in Lithuania.
more »
The European Economic and Social Committee (EESC) and the European Commission Representation in Finland jointly organise a conference in Helsinki on 22 and 23 October on "The Baltic Sea Region: the best place to work and do business".
more »
Why did economy rise drastically turn into painful decline and what price will every of us have to pay for that?
more »
The economies of central and eastern Europe are expected to contract by an average of 6.3 per cent in 2009 following steep output declines in the first half of the year.
more »