Swedish mobile telecom gear maker Ericsson said it had signed a patent license deal with Apple Inc over technology that helps smartphones and tablets connect to mobile networks, sending its shares up much as 8%.
Nokia Oyj’s 48 percent rally today spells bad news for hedge funds and analysts that bet against the Finnish mobile-phone maker.
Nokia Oyj, the Finnish mobile-phone maker seeking a comeback, reported its smallest quarterly revenue in 13 years as handset demand waned, missing analysts’ estimates and sending its stock down as much as 13%.
On billboards across Beijing, in subway stations and on banners outside its stores, China Mobile Ltd. is inviting subscribers to “Change Phones for the New Year!” with Nokia Oyj’s Lumia 920T.
Nokia Oyj will skip a dividend for the first time in at least 143 years as the struggling Finnish mobile-phone maker retains cash for its comeback attempt.
Nokia Oyj, the Finnish mobile-phone maker seeking to reverse falling sales, reported fourth-quarter profitability for its handset business exceeding its forecast, helped by recovering demand and cost cuts. The stock jumped.
Nokia, posting its sixth-straight loss since adopting Microsoft’s Windows software, has projected another “transition” quarter as it revamps its handset line-up to challenge Apple’s iPhone.
As Nokia Oyj depletes its cash pile amid a prolonged turnaround effort, investors are bracing for something that hasn’t happened in decades: no dividends.
Nokia Oyj shares tumbled the most in almost three months after the introduction of two Lumia smartphones with Microsoft Corp.’s new Windows Phone software failed to impress investors.
Nokia added nearly a $1 billion in market cap after a landmark patent ruling against rival Samsung Electronics sent shares higher on speculation that Nokia may have an opportunity to grab market share.