Why Buy Nokia? 3 Reasons

By Charly Travers and Austin Smith – Jan 3, 2013 at 5:45PM

NYSE: NOK

Nokia Oyj

Market Cap

$19B

Today's Change

(3.60%) $0.12

Current Price

$3.45

Price as of April 18, 2024, 4:00 p.m. ET

Three good reasons to consider buying Nokia today.

Nokia (NOK 3.60%) investors have watched Apple (AAPL -0.57%) and Samsung rise to glory in the smartphone space, while Nokia has lost some of its relevance. However, Motley Fool analyst Charly Travers tells us why Nokia's hardware has always been competitive, and now that it operates on the new Windows Phone operating system from Microsoft (MSFT -1.84%), this could be the turnaround point the company needs to be a competitive player in this space once again.

Austin Smith owns shares of Apple and Google. Charly Travers owns shares of Nokia. The Motley Fool owns shares of Apple, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Google, and Microsoft. 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.