Thursday, October 15, 2009

Nokia Loses $831M, Stock Down 11%, USD Big Factor

Nokia has just announced it lost $831M in Q3 2009. Overall sales volume dropped 8% in terms of number of units. The average handset price dropped from 72 Euros to 62 Euros.
American companies that export might do ok. Short the foreign companies that have revenues in USD?

This was Nokias' trend (per INO's tool):

Charts also clearly indicates the downtrend

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