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#NKE Return to the list of instruments #NTDOY

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Nokia Corporation
3.87 USD
26 Nov 2024 22:59
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#NOK stands for the shares of Nokia, a transnational company in Finland producing mobile phones, smartphones, and other telecommunication equipment, which is sold in more than 150 countries across the world. During ten years the corporation was leading the market, then in 2012 it ceded the top position. Nokia’s market share was about 19%. The company has started a close co-operation with the American giant Microsoft in 2011. In late 2013, the mobile business of Nokia was sold to Bill Gates at a price of EUR5.44 billion.

The market capitalization of Nokia is the largest in Finland, as of 2012 it was equal to USD19.02 billion. The shares of the corporation are in free circulation.

In 2007, Nokia was a dominating company on the market. However, in 2011 the situation changed and the sales volume narrowed sharply. The company results were diverse throughout 2012, as a decline was recorded at first, nevertheless, Nokia was able to overcome the downfall. The board acknowledged that the organization had not satisfied the consumer demand in smartphones, thus bringing losses. In January 2013, for the first time in a 20-year history Nokia announced that dividends would not be paid.

In 2013, the annual yield fell by 17% to EUR12.709 million. The operating surplus, on the contrary, grew to EUR 519 million while a loss of EUR 821 million was registered last year.

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