People Still Believe In Nokia


Nokia has been having a very, very hard time of it lately, dramatically losing market share in the smartphone race to the likes of Samsung and Apple, and getting slammed on a regular basis by the credit agencies. But you know what? Our troubled Finnish handset maker still has the ability to set investors’ pulses racing with even the slightest hint that something better may be just around the corner.

Such was the case this morning, when Stephen Elop made some very brief comments in which he affirmed the company’s commitment to Windows Phone (not news!), and didn’t outright deny that it would be launching its newest device in September (ummmm yeah). The result? Shares rising by some 6% and still trading up now.

What’s the meaning? Seems that, despite everything, even today’s S&P downgrade to BB-, people still want to believe in Nokia — and perhaps, Microsoft’s Windows Phone.

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