Nokia World Windows Phone 8 rumours push Nokia’s shares higher

image

Nokia’s shares  closed today at $2.51, a whole 50% higher than the recent 18 year low of $1.69 on the 17th July.

The main driver for the increasingly volatile stock is likely rumours of an earlier than expected Windows Phone 8 handset announcement at Nokia World 2012 on the 5-6 September, in around 1 month’s time.

Nokia is expected to announce two Windows Phone 8 handsets there, and Bloomberg has added some corroboration to the rumour.

For the sake of Nokia’s share holders we hope the run up continues, but it is still a long way from the $11 mark of February 2011.

Via Insidemonkey.com

Some links in the article may not be viewable as you are using an AdBlocker. Please add us to your whitelist to enable the website to function properly.

Related
Comments