Sage-Tips

Is Nokia still successful?

Today, Nokia is far from dead, and in fact, has made an impressive comeback under the leadership of Finnish based HMD Global, who bought the exclusive rights to market the Nokia brand via license in 2017.

Is Nokia a good stock for 2021?

Nokia (NYSE:NOK) stock has been performing remarkably well in 2021. In fact, NOK stock is up 56\% in 2021. In 2021, Nokia seems to be focusing on many more business aspects than just mobile phones. This new focus for the company is both good and bad.

When did Nokia start to decline?

2013
Nokia’s failure became a case study that made organizations realize the importance of continuous evolution and enhancements. The journey of what was once the world’s best mobile phone company to losing it all by 2013 is quite tragic.

Is it worth investing in Nokia?

Stock to Watch: Nokia (NOK) NOK is a #2 (Buy) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. NOK has a Growth Style Score of B, forecasting year-over-year earnings growth of 26.7\% for the current fiscal year.

How did Nokia perform in the global market in 2017?

Nokia did well in sell-through of its handsets in India, Asia Pacific countries (excluding China), Middle East & Africa with a CAGR of 40\%, 25\%, 21\% respectively in 2017. Additionality, Nokia smartphones have been well received in European countries.

Why is Nokia making a comeback as a brand?

However, after the HMD takeover, we have seen the Nokia brand comeback both in the smartphone and the feature phone category. This report analyzes the market scenario to understand the key reasons for Nokia’s comeback as a brand in the last one year. Some of the key reasons are as follows: 1. Reigniting and fulfilling feature phone demand:

What happened to Nokia?

Nokia has a rich history of creating high-quality phones which were in sync with the needs of customers at that time. However, the iconic brand completely missed the touch-screen smartphone trend which later resulted in a fall of the Nokia brand. An attempt to revitalize the brand in a new Windows Phone avatar by Microsoft was also not successful.

Is Nokia only for the “old generation?

Nokia is not only for “Old Generation”: According to Nokia HMD, two in three Nokia customers are younger than 35 years, which is a direct indication that Nokia was successful in approaching the youth with its brand messaging and promotions.

https://www.youtube.com/watch?v=fYvaelK0-Hw