Fri, 03 Feb 2023 Today's Paper

Nokia jumps on hopes it can cash in on Samsung setback

27 August 2012 10:18 am - 0     - {{hitsCtrl.values.hits}}

A A A

Shares in mobile phone firm Nokia leapt 10 percent on Monday on hopes it can benefit from a setback to rival Samsung, which has lost a high-profile court case to Apple that could lead to an injunction against some of its products.

A U.S. jury found South Korea's Samsung Electronics copied critical features of Apple's hugely popular iPhone and iPad and awarded the U.S. company $1.05 billion in damages.

"In addition to Apple, we name Microsoft and Nokia as the main beneficiaries from this outcome," said Nordea analyst Sami Sarkamies.

Shares in Nokia were 10.2 percent higher at 2.746 euros by 0835 GMT. Microsoft's European-listed shares were 1.6 percent higher.

Nokia and its software partner Microsoft have been struggling to win ground from Samsung's Android-powered smartphones which lead the market.

Google's Android is used in around 65 percent of smartphones sold globally, with Samsung the biggest maker of Android phones.

Nokia has been fighting for survival after losing vast ground to Apple and Samsung. In 2011 it forged a software alliance with Microsoft, which had also fallen behind in smartphone software.

Nokia is now the largest maker of Windows Phones, but the market share of the software has stayed at below 5 percent.

"We think that the real winner hear will be Microsoft and the Windows Phone ecosystem," Nomura analysts said in a note.

"As Android and Apple tear each other apart, Microsoft has been waiting in the wings and is in a very good position to move in and entice users to switch from Android to Microsoft, as we have already seen that user loyalty is low," they said.

Nokia is expected to launch its first smartphones using a new version of Windows Phone software at an industry event in early September.

(Reporting by Tarmo Virki; Editing by David Holmes and Mark Potter)

(Source : Reuters) 

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru

Lasantha was a Fearless Editor who Spoke Truth to Power

Friends,Family members, colleagues, schoolmates and admirers of Lasantha Wick