S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Telecom & Wireless

Will a Verizon-Nokia Partnership Really Matter?

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Nokia
Nokia Corporation (NYSE: NOK) is not exactly deemed a winner after its smartphone debut this week with the Windows 8 smartphones powered by Microsoft Corporation (NASDAQ: MSFT).  Or is it?  The Wall Street Journal is reporting that Verizon Communications Inc. (NYSE: VZ) has confirmed that it will enter into a partnership with Nokia which will likely include the Windows 8 smartphones.

What sort of partnership this is may be nothing more than carrying the new phones at the Verizon stores.  That being said, who knows if carrying the phones will result in major sales as the Apple Inc. (NASDAQ: AAPL) iPhone 5 is set to launch on September 12 long before the Nokia phones can make it to market.

Nokia had taken at least three downgrades this morning, but shares are currently up by almost 3% at $2.44 on more than 86 million shares in less than the first two hours of trading. Until more details are known it is hard to try to interpolate any new changes to the expected sales figures.

Nokia remains challenged even if all carriers agree to make the new smartphones available.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Continue Reading

Trey Thoelcke |

Nokia Rises in Wake of Apple Patent Win

NokiaNokia Corp. (NYSE: NOK) shares are up more than 10%, or above $3.40 a share, in premarket trading. Last week,…
Paul Ausick |

Nokia — Rebound or Dead-Cat Bounce?

When Nokia Corp. (NYSE: NOK) unveiled its new Lumia 920 and Lumia 820 smartphones earlier this week, the company’s already…
Jon C. Ogg |

The Amazon Surprise: Nokia Windows Phone Leads Top Sellers (AMZN, NOK, MSFT, T, VZ, RIMM, GOOG, AAPL)

Lists of top-sellers at single destinations do not always equate to broad-reaching trends around the entire nation nor around the…
Paul Ausick |

Verizon, AT&T Put New Nokia Phone to the Test (NOK, MSFT, VZ, VOD, T)

A new smartphone from Nokia Corp. (NYSE: NOK) using the Windows Phone operating system from Microsoft Corp. (NASDAQ: MSFT) is…
Paul Ausick |

Nokia — Maybe Not as Bad as You Think (NOK, MSFT, AAPL, GOOG, SSNLF, ARMH, INTC, HPQ)

The headline number from Nokia Corp.’s (NYSE: NOK) third quarter earnings report is that sales fell by -13% year-over-year. But…
Paul Ausick |

Nokia Goes After Pre-Kindergarten Market

Shares of Nokia Corp. (NYSE: NOK) hit a new 52-week low of $2.00 last Thursday and have continued to slide…
Douglas A. McIntyre |

Nokia’s Future And Microsoft’s Money

NokiaMicrosoft (NASDAQ: MSFT) won a huge victory today. Struggling handset company Nokia (NYSE: NOK), which is still the global leader…
Douglas A. McIntyre |

Nokia Picks Wrong Carrier for U.S. Return

Nokia (NYSE: NOK) has returned to the U.S. smartphone market. Unfortunately, its partner is also-ran wireless provider T-Mobile. That will…
Douglas A. McIntyre |

Nokia Returns To US With Cheap Phone

Nokia (NYSE: NOK) brought the first of its new generation of it smartphones to the US as its launched its…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618