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3 Reasons to Sell Nokia

By Andrew Tonner - Apr 16, 2013 at 3:00PM

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NYSE: NOK

Nokia Corporation

Market Cap

$28B

Today's Change

(3.25%) $0.16

Current Price

$5.09

Price as of May 26, 2022, 4:00 p.m. ET

Could it be time to get out of your Nokia position? Here are three reasons why it might be.

In this video, Motley Fool tech and telecom analyst Andrew Tonner outlines three reasons to sell Nokia (NOK 3.25%). First, the company is betting its survival on the success of the Lumia smartphone line and Windows operating system. If Lumia doesn't fly, Nokia likely won't either. Second, the company still experiences revenue declines despite restructuring. Cash flow has improved, but if revenue declines continue, cash flow will likely suffer, too. Finally, Nokia is trying to reassert itself in a market dominated by Google and Apple. These companies enjoy strong customer loyalty. Nokia faces a tough battle to win over these customers.

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