Nokia Rises in Wake of Apple Patent Win

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By Trey Thoelcke Published
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Nokia Corp. (NYSE: NOK) shares are up more than 10%, or above $3.40 a share, in premarket trading.

Last week, a U.S. jury awarded Apple Inc. (NASDAQ: AAPL) $1.051 billion in damages from Samsung Electronics, finding that the Korean company infringed some of Apple’s valid patents. The verdict is a blow to Samsung, which late last year overtook Nokia as the world’s largest handset company. Samsung is considered the only viable competitor to Apple in the smartphone market.

Speculation has swirled since the Apple verdict that the troubled partnership between Nokia and Microsoft Corp. (NASDAQ: MSFT) may benefit by it. The decision could make the Nokia/Microsoft products more popular with carriers. No patent claims have been filed against the Windows Mobile OS.

Nokia Corp. is expected to release its first Windows Mobile powered phone on the Verizon Communications Inc. (NYSE: VZ) network before the end of the year. The launch comes very late. The Nokia alliance with Microsoft was meant to give the phone maker an entirely new line of products and also to boost adoption of Microsoft’s operating system in the smartphone market, which has been hammered by Google Inc.’s (NASDAQ: GOOG) Android and Apple’s iOS.

Nokia closed Friday at $3.08 a share, in a 52-week range of $1.63 to $7.38.

Trey Thoelcke

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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