Nokia shares tumble to a 13-year low11
The prospect of a Windows Phone handset ahead isn’t a big appeasement either:
"We would continue to avoid the stock as Symbian smartphone sales are falling off faster than expected and we are skeptical that new Windows Phone models will be able to replace lost profits," Gleacher & Co analyst Stephen Patel noted. In the meantime, Nokia has confirmed its expectations of a Windows Phone handset coming out in the last quarter of the year and the Nokia Connection event promises to bring some new products on June 21st.
Conspiracy theories about a staged decline of the company and planned decrease in the price of shares to intentionally devaluate the company have also spurred. Russian tech analyst Eldar Murtazin, among others, was initially skeptical about the deal and has suggested that Microsoft is in talks about acquiring the Finnish company. That seems all the more feasible in the recent light of events given the fact that the market value of Nokia has shrunk significantly opening a better opportunity for such an acquisition. In addition, Murtazin notes that the Finns are in the process of closing some of their European online stores. While it all sounds too much like pure speculation, we’d be keeping a close eye on who invests in the phone maker in the coming months, but in the meantime feel free to share your opinions about the dramatic decrease of value in Nokia.