Nokia (NYSE:NOK), often considered an underdog in the smartphone space, has now made a potentially game-changing deal with China Mobile (NYSE:CHL) to sell its flagship smartphone, the Lumia 920, on China Mobile's network. Although China Mobile is by far the largest telecom provider in the world, it won't necessarily provide Nokia with the largest high-end market, which is what the Lumia 920 addresses. But because the main high-end smartphone competitor, Apple (NASDAQ:AAPL), isn't on China Mobile, Nokia doesn't have much competition in that area. Motley Fool tech and telecom analyst Andrew Tonner thinks the tear Nokia stock is on at the moment still has room to continue.
Andrew Tonner owns shares of Apple. The Motley Fool owns shares of Apple, China Mobile, and Microsoft. Motley Fool newsletter services recommend Apple and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.