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Technology Stocks : Nokia (NOK)
NOK 6.855+0.7%2:40 PM EST

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From: sylvester806/3/2013 9:11:38 AM
3 Recommendations  Read Replies (1) of 34857
 
Nokia is a BUY as Microsoft Corporation (MSFT) sees Windows Phone market share double
dofonline.co.uk
Published on Monday, 03 June 2013 08:27
Written by Sam Coventry

Shares in Nokia Corporation (ADR) ( NYSE:NOK) are a Buy with analysts at Liberum Capital who have today reiterated their bullish stance on the stock on the back of an increased take-up of Windows Phone amongst consumers.

Microsoft Corporation ( NASDAQ:MSFT) has seen the market share of Windows Phone almost double.

Janardan Menon at Liberum Capital says:

"Data from Kantar WorldPanel shows that Windows Phone has almost doubled its market share in five major Western European markets to 6.7% in the three months to April this year, compared to 3.7% in the same three months last year. In the UK Windows Phone's share has risen to 8.4 from 4.4% last year, while in France it rose from 2.5% to 6.2%.

"Germany, Italy and Spain also showed an increase, with Italian market share rising to double digits at 10.5%. Windows Phone also showed an increase in market share in the US, from 3.8% in 2012 to 5.6% this year. These market share jumps clearly signal the increasing momentum behind both the operating system as well as Nokia's new range of Lumia phones.

"The main losers during this period were Blackberry and Symbian. With consumer satisfaction levels of both Windows Phone as well as the Lumia range remaining high, we expect Nokia to see further increases in unit volume and smartphone market share in coming quarters, compensating for weakness in the feature phone segment. Buy maintained with €4.5 price target." (Note: Price target is on Nokia Oyj).
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