|Bid||0.00 x 800|
|Ask||0.00 x 306000|
|Day's Range||6.03 - 6.10|
|52 Week Range||4.51 - 6.60|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.24 (3.97%)|
|1y Target Est||N/A|
The Finnish company that sells Nokia-branded phones isn’t named Nokia. It’s a startup called HMD Global founded two years ago to license the Nokia brand for its handsets. Yesterday (May 21) it announced that it’s valued at over $1 billion, after raising $100 million from investors. HMD says the funds will be used to scale…
HMD Global, the Finnish company that owns the right to use the Nokia brand on phones, has raised $100 million of funding intended to boost growth, it said on Monday. Having sold about 70 million Nokia phones and generated sales of 1.8 billion euros (1.6 billion pounds) in its first year, 2017, HMD said it plans to expand its Nokia smartphone range and to double sales channels in key markets this year. The fundraising round was led by Ginko Ventures, a fund owned by Jean-Francois Baril, a long-serving former senior vice president at Nokia.
HMD Global, the Finnish company that owns the right to use the Nokia brand on phones, has raised $100 million of funding intended to boost growth, it said on Monday. Having sold about 70 million Nokia phones and generated sales of 1.8 billion euros ($2.1 billion) in its first year, 2017, HMD said it plans to expand its Nokia smartphone range and to double sales channels in key markets this year. The fundraising round was led by Ginko Ventures, a fund owned by Jean-Francois Baril, a long-serving former senior vice president at Nokia.
Telecom equipment vendor Ericsson (ERIC) recently published a report on its study of the digitalization of shopping. Ericsson predicts that there could be as many as 1.0 billion 5G subscribers by 2023. After surveying thousands of advanced Internet users in nearly a dozen influential cities globally, Ericsson concluded that smartphone shopping is on the verge of peaking in the next few years.
Cisco repurchased shares worth $6.0 billion and paid dividends of $1.6 billion during the quarter. Cisco’s dividend per share rose to $0.33 in the third quarter, indicating an annualized payout of $1.32, a rise of 14% YoY (year-over-year) compared to dividends of $0.29 in the second quarter. Cisco has a dividend yield of 2.9%, and the firm has increased dividend yields for the last seven years.
brand of mobile phones has raised $100m, valuing the Finnish business at more than $1bn. , was led by Ginko Ventures, the Swiss venture capital firm. Wonderful Stars, a subsidiary of Foxconn’s FIH Mobile that makes the handsets for HMD, also participated as did DMJ Asia Investment Opportunity.
Taking a look back at seven days of news and headlines across the world of Android, this week’s Android Circuit includes a new release date for the Galaxy Note 9, two missing features from Samsung’s phablet. Android Circuit is here to remind you of a few of the many things that have happened around Android in the last week (and you can find the weekly Apple news digest here).
Nokia (NOK) is selling its Digital Health segment two years after creating the division to garner revenues from the digital health market. The global digital health market is poised to grow to $536.6 billion by 2025 from $196.3 billion in 2017, according to Transparency Market Research (or TMR). The enormous revenue opportunity in the digital health market is attracting more players to the sector, with Apple, Fitbit (FIT), and Xiaomi among the companies competing for digital health revenues.
Nokia (NOK) has high expectations for SpaceTime Insight, although it didn’t reveal what it paid to acquire the business. SpaceTime Insight is expected to be part of the Nokia Software business group, which offers a range of software solutions in areas including customer experience management, IoT (Internet of Things), and collaboration.
Cisco’s (CSCO) product revenue rose 5% in the fiscal third quarter driven by Cisco’s diversified portfolio of solutions, while its infrastructure platform revenue rose 2%. In the infrastructure business segment, the routing revenue fell due to weakness in the service provider division, while switching revenue rose driven by strength in the data center and campus division.
Cisco Stock Fell over 3.5% after Third-Quarter EarningsCisco reported revenue of $12.5 billion in the fiscal third quarter
Cisco Systems (CSCO) stock has returned 37.0% in the last 12 months, 8.9% in the last month, and 4.2% in the last five days. Cisco stock rose 15.0% in 2016 and 31.0% in 2017. Since the start of 2018, it’s risen almost 21%. Peers IBM (IBM), Ericsson (ERIC), Palo Alto Networks (PANW), and Nokia (NOK) have returned -4.0%, 22.0%, 78.0%, and 3.4%, respectively, in the last 12 months.
Earlier this year Nokia showed off a number of new handsets at Mobile World Congress. Alongside the new Nokia 6, Nokia 7 Plus and Nokia 8 Sirocco, Pekka Rantala (HMD Global’s CMO) noted that there would be updates to the Nokia 5, Nokia 3, and Nokia 2 handsets for this year. Now it looks like we have our first tiny sighting of this year’s Nokia 3 in the wild.
Previously, we learned that analysts expect Cisco Systems’ (CSCO) revenues to rise ~4.1% YoY (year-over-year) in fiscal 3Q18. The company’s earnings per share (or EPS) are expected to rise ~8.3% in the quarter.
Taking a look back at seven days of news and headlines across the world of Android, this week’s Android Circuit includes the Galaxy Note 9’s missing feature, leaked Galaxy S10 features, Nokia X confirmed, Android P’s wide release, and Google’s new touch-based gestures. Android Circuit is here to remind you of a few of the many things that have happened around Android in the last week (and you can find the weekly Apple news digest here).
Nokia has been posting relatively mixed results over the last few years, amid intense competition from Chinese rivals and weaker spending by wireless carriers, who have seen their deployments of 4G mobile broadband equipment peak off. Nokia expects to see the market for telecom equipment recover, as commercial roll-outs of 5G networks begin in North America later this year, with other regions including South Korea, China, Japan and the Middle East commencing build outs from 2019. While analysts remain skeptical if 5G spending will reach levels seen at the peak of the 4G deployments in 2015, as the use cases and business cases for the technology still need to be ironed out, the investment cycle will nevertheless help Nokia’s networking division return to growth over the next two years.
There may be little Facebook (FB) can do to undo its now-complicated past, which has spurred many privacy and information questions. Alongside other social media providers such as Google (GOOGL) and Twitter (TWTR), Facebook has been criticized for allegedly enabling foreign agents to sow division among American voters ahead of the presidential election in 2016. More recently, there was the issue of Facebook allowing the personal data of tens of millions of its users to get into the hands of a third party that allegedly ended up misusing the data.
Last week, Treasury Secretary Steven Mnuchin led a delegation of U.S. officials in China to defuse the tensions between the two warring countries while Liu He, the top economic adviser of President Xi Jinping, headed the Chinese side in the talks. ZTE also formally appealed to the U.S. Commerce Department’s Bureau of Industry and Security to suspend the seven-year ban on its products that threatened its survival and crippled operations. Regarding company-specific news, earnings of some telecom companies along with improved product launches for superior connectivity and high-quality content to subscribers at lower cost of ownership, and acquisitions topped the charts.
Concerns over the implications of the fresh restrictions issued by the U.S. government against Chinese telecom companies continue to haunt the industry.
Nokia (NOK) acquires SpaceTime Insight to accelerate vertical application development and boost IoT business. The buyout is likely to enhance the company's top-line growth.
Apple (AAPL) sold fewer smartphones in China than its main rivals in the country in 1Q18, according to research firm Canalys. As a result, Apple was displaced to the fifth position from the fourth position it held in 4Q17. The ranking is based on the number of smartphones shipped.