How Nokia Crushed The Market In 2013

Investors in the tech space could face some serious buyers' remorse when they look at Finnish telecom giant Nokia's (NYSE: NOK  ) performance in 2013. 

NOK Chart

NOK data by YCharts

After being more or less left for dead over the last few year, Nokia's shares continued their rally throughout 2013.

Nokia's very big year
2013 certainly ushered in plenty of change for Nokia. By far the most important event that drove Nokia shares this year was the deal it struck with recent partner and software giant Microsoft (NASDAQ: MSFT  ) . 

After becoming the key supplier of Windows Phone software, Microsoft and Nokia struck a deal in September in which Microsoft would purchase Nokia's famous handset business for $7.2 billion in cash. As you could imagine, the Microsoft deal had a huge effect on Nokia's shares, sending them surging.

However, the deal also leaves Nokia in search of a new course forward with the remainder of its business lines. Thankfully, as the result of several moves Nokia appears poised to make a serious run at breaking into the communications networking space in which it's struggled over the last several year.

In this video, tech and telecom analyst Andrew Tonner looks at the most significant storylines that drove Nokia in the last year.

Next year's homerun stock
There's a huge difference between a good stock, and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.

Read/Post Comments (0) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2776109, ~/Articles/ArticleHandler.aspx, 9/29/2016 3:03:40 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 5 hours ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:00 PM
MSFT $58.03 Up +0.08 +0.14%
Microsoft CAPS Rating: ****
NOK $5.74 Up +0.03 +0.53%
Nokia CAPS Rating: **