Shares of Nokia Corp. (NYSE: NOK) set a new 52-week low of $2.00 today. The one-time leader in sales of mobile phones did not have any news, but the company’s prospects are not encouraging to investors.
Nokia and its partner Microsoft Corp. (NASDAQ: MSFT) announced recently that existing Nokia smartphones will not be upgradeable to Microsoft’s Windows Phone 8 software. That announcement should effectively kill sales of the Lumia phones now available while customers wait a few months until new hardware is released to run the latest version of the Microsoft phone operating system.
Meanwhile, Apple Inc. (NASDAQ: AAPL) is prepping the launch of a new generation of iPhones and Google Inc. (NASDAQ: GOOG) continues to activate about 1 million new Android-based phones every day.
Nokia shares are trading at $2.03 with about 90 minutes left in today’s trading session, down -4.7% from Tuesday’s closing price. The previous 52-week range for the stock is $2.04-$7.38.
Paul Ausick
Are You Ahead, or Behind on Retirement?
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.