Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Nokia shares taking another hit as Samsung denies buyout
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Tech
  • News & Analysis
  • Nokia shares taking another hit as Samsung denies buyout

Nokia shares taking another hit as Samsung denies buyout

Shayne Rana • June 14, 2012, 11:50:04 IST
Whatsapp Facebook Twitter

While Nokia might be in high spirits with the launch of their latest smartphone, the PureView 808 complete …

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Nokia shares taking another hit as Samsung denies buyout

While Nokia might be in high spirits with the launch of their latest smartphone, the PureView 808 complete with 41 megapixel camera, it seems the company’s stocks really aren’t in the margins they hoped for. The rumours about a takeover are rampant once again and the ailing company gears up for what could be a long stretch of the next quarter. 

They might just resume their title of the world’s best camera phone with the new launch putting their existing N8 down to the number 2 spot, but if they don’t manage to improve on overall performance, their stocks could take another hit. As of last Wednesday, their shares were down eight cents, or 2.8 percent, to $2.79 and have slipped 49 percent, since the beginning of April. With this decline, it’s only natural that the takeover rumours would be floating around or at least the speculation of mergers-and-acquisitions could be considered justified. 

STORY CONTINUES BELOW THIS AD

It was also recently speculated that big players, like Samsung Electronics, were interested in the Finnish company. The speculation for a buyout actually caused Nokia shares to rise by as much as 6 percent. However, after the rumour was dismissed by the Korean company, Nokia’s shares dropped by 2 percent. “Such reports are purely speculative and are not true,” Samsung is reported to have said.

More from News & Analysis
What is the US HIRE Bill and why is India’s $250-billion IT sector worried? What is the US HIRE Bill and why is India’s $250-billion IT sector worried? Is the internet dead? What's this theory that OpenAI's Sam Altman says might be true? Is the internet dead? What's this theory that OpenAI's Sam Altman says might be true?

Loosing money… fast

Stock drops…

Nokia may have a fair share of the market in the lower end segment, but needs to push harder in terms of innovation to capture the hearts of the high-end smartphone users. It’s possible that the company would require help from partner Microsoft to help bail them out of these troubled waters as some bankers are already speculating. Microsoft is already paying Nokia $1 billion a year to use its software on Lumia smartphones. And some investment bankers familiar with the technology sector said the support could extend well beyond that amount, if Nokia’s problems intensify.

Another avenue that the Finnish company is exploring is the domain of patent royalties. In a recent report, the company is said to have been taking in at least 500 million euros a year from its patent royalties in key areas of mobile telephony. Some analysts even speculated that a more determined application of its patent rights could boost the company’s income by hundreds of millions of euros a year. Alternatively, a sale could generate billions of euros.

Things aren’t looking too good for the once King of the mobile phone domain and the potential for it to get worse is like a dark cloud looming over the Finnish company. We can only hope that the arrival of new devices and innovations will help them slowly climb out of the slump they’re currently in.

STORY CONTINUES BELOW THIS AD
Tags
General Nokia shares Nokia Lumia series Nokia smartphones Nokia Stock Nokia Patents Nokia Buyout nokia microsoft partnership Nokia Samsung buyout Nokia Samsung takeover Nokia Takeover
End of Article
Written by Shayne Rana
Email

Shayne has an exceptional love for superheroes, action figures, comics, retro music and movies. His love for the 80s is also very evident in his lingo which is populated with words like 'Yes Siree Bob', 'Scooby-doo', Howdy and lots, LOTS more. As the Deputy Editor of tech2, Shayne stays fit by running back and forth between his desk, the tech team or some other department. see more

Latest News
Find us on YouTube
Subscribe
End of Article

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV