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, 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%.
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 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.