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The NOK's momentum indicator turned positive
The momentum indicator for NOK (Nokia) moved above the 0 level on November 10, 2022, indicating that the stock may be in a new upward movement. Traders may also consider buying the stock or buying call options ahead of the stock rally in December. Tickeron AIdvisor examined 81 similar cases where the indicator turned positive. In 59 of the 81 cases, the stock rose in the following days. The chance of going higher is 73%.
HMD Global Delivers All-Time High Handset Wholesale ASP in Q3 2022
Now we can safely say - the king has woken up, Nokia is the king. According to the latest report of the analysis company Strategy Analytics for the third quarter of 2022, Nokia Mobile has become the 4th leading supplier in Western Europe. The higher percentage of Nokia smartphones in total handset volume resulted in Nokia Mobile's highest ever ASP in Q3 2022.
Nokia's Q3 operating profit falls short of expectations amid strong demand
Despite the big smiles, Nokia today reported quarterly operating profit that fell short of market expectations, even as the Finnish telecom equipment maker continues to benefit from strong demand from phone companies as they roll out 5G.
HMD Global is shutting down HMD Connect
After only a few days of operation, HMD stopped the Connect service, in which it offered a SIM card and related service packages to its new customers.
Nokia sues Oppo in Australia for patent infringement
Nokia is suing Oppo again for patent infringement, which leads the reader to the conclusion that the Chinese manufacturer would be better off if it entered into an agreement with Nokia, because according to recent reports, the Finnish company has filed another lawsuit in Australia, alleging that the Chinese manufacturer is abusing 4G and 5G mobile network technologies.
Nokia to publish third-quarter and January-September 2022 financial report on 20 October 2022
Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group's financial information as well as on Nokia's outlook.
Oppo has been permanently banned from Germany
Online sales of smartphones have also been halted following a court stay over non-payment of licences. The Chinese company is ready to review its business strategies abroad - including Africa and the Middle East.
Nokia's reputation has risen in the designation of the best listed companies
According to the Trust & Reputation 2022 survey focusing on listed companies, the Kone elevator company still has the best reputation among investors. The machine's reputation has therefore remained despite the fact that the company's stock fell by more than a third in one year due to the slowdown in Chinese demand.
Nationwide, push-button phones are being bought en masse in Russia
Demand for push-button phones has skyrocketed in Russia over the past week, according to a report from the Russian blog Vedomosti. Note that Nokia has already withdrawn from the Russian market, and sales of its phones are still ongoing. I think "external" developers will solve this and supply the market with Nokia phone devices, which Nokia has nothing to do with!!!
Nokia is already asking for an advance for 5G radio in India
Vodafone Idea, India's third-largest telco, is likely to delay its 5G rollout as its equipment maker partners such as Nokia and Ericsson demand upfront payments for 5G radios. Telecom tower infrastructure partners Indus Towers and American Tower Co (ATC) have asked the telco to clear current taxes before entering into new deals for the 5G network.