HTC surpasses Nokia in market capitalization
Just a couple of years ago, you might not have even heard about this Taiwanese company called HTC. Now, riding the success of its smartphone lineup, the quietly brilliant company has surpassed Nokia in terms of market capitalization reaching $33.8 billion, more than Nokia's $32.8 billion. It's also well ahead of BlackBerry maker RIM, which has $28.5 billion worth of market value.
HTC's market value skyrocketed with growth of over 30 times in the last five years – all due to flourishing mobile business. A recent Goldman Sachs report suggested that HTC hasn't reached its peak just yet and will continue growing. What's behind the growth? “A very unique business model and ecosystem strategy,” the report underlines.