If you judge the success of a company by its share price, Nokia’s having a bit of a problem. The company’s shares dropped to below $2.00 on Friday.
The company’s shares were traded at $1.92 on Friday, which is the lowest figure Nokia’s had since April 1996.
Forbes says this happened for “no obvious new reason”, since Nokia’s been struggling lately to succeed with Windows Phone smartphones in a market that’s dominated by Android and Apple’s iPhone. Still, no major change or announcement, that could have led to this, has happened in the last few days.
The company has not posted quarterly details yet (the next earnings announcement will be on July 19), and it hasn’t made any significant policy modification.
There’s rumors floating around about Samsung and Microsoft being interested in buying Nokia. Why would any of the two companies do that? Well, Nokia’s patent portfolio would be one serious weapon in the patent wars that’s being fought these days — remember the Google – Motorola deal?
I’m thinking that as Windows Phone market share grows, Nokia will start doing better. Will it be doing well enough to keep up with the Android Apple smartphones? Well, that remains to be seen.