Nokia’s slide continues after Windows 8 launch
Associated Press
Nokia President and CEO Stephen Elop debuts the Nokia Lumia 920, Nokia’s flagship Windows Phone 8 smartphone, at a press event in New York September 5. AP
HELSINKI—Nokia Corp.’s share price is continuing to fall after the unveiling of the company’s first Windows Phone 8 smartphones failed to impress markets and analysts.
In Helsinki, its stock dropped as much as 4 percent on the open Thursday after the previous day’s launch caused it to tumble more than 13 percent. In New York, Nokia shares fell 45 cents to $2.38 on Wednesday, trading at the same level as in the mid-1990s.
The former No.1 cellphone maker had hoped the New York launch would convince markets that its alliance with Microsoft Corp. would signal a reversal of its slide against market leaders Apple Inc.’s iPhone and Samsung, and devices using Google’s Android platform.
In early afternoon trading, Nokia had recovered slightly, trading 1 percent lower at €1.97 ($2.48).
Other Stories:
Recent Stories:
Biographer regrets affair with former CIA director 19 mins elapsed
Stone Temple Pilots sue ex-frontman Scott Weiland 46 mins elapsed
Ex-Guatemala president extradited to US 1 hour elapsed
Toronto mayor denies he smokes crack cocaine 1 hour elapsed
Cannes: Dern a leading man again in ‘Nebraska’ 3 hours elapsed
Seamen may file complaints at sea 3 hours elapsed
Rescue of Russian mountaineer from Mt. Mayon proved costly 3 hours elapsed
PCG report on grounded US ship due 3 hours elapsed
Tags: mobile phone , Nokia , Smartphone , Windows 8
