Fall of Nokia, its market value is only a quarter of the former opponents Ericsson

July 9 news, according to media reports, Nokia and Ericsson, were the industry giants of non-smart phones era ever, Ericsson Prior to exit the mobile phone industry, Nokia continues struggling hard. The industry noted that, along with Nokia's collapsed and its market value has only former rival Ericsson for nearly a quarter.

Ericsson First, select made up joint venture mobile phone business with Sony, in October 2011, Ericsson transferred a half share in the joint venture to Sony with the price of € 1.07 billion, completely out of the mobile communication terminal products. Ericsson's main business is telecommunications equipment, industrial software and services.

Last Friday, Ericsson's Nasdaq stock closed at $ 8.87, the market value is $ 29 billion.

In contrast, Nokia is also list on the New York Stock Exchange, last Friday, the stock closed at $ 1.92, the same day again plunged 5 percent, Nokia's market capitalization is only $ 7.2 billion. Comparing the two, now Nokia's market value is only Ericsson's 24.8%.

In the context of Apple and Google have been upgrading the operating system, Microsoft Windows Phone development prospects and competitiveness, it is still unknown. Today, many industry insiders believe that Nokia did not choose the Android system is a directional error. after the bundling of Windows Phone, Nokia has lost the option of independent development. For example, Microsoft announced that the Windows Phone 8 system does not support the existing Nokia Lumia phone upgrade recently.

However, there is media also pointed out that the year in the field of mobile phone products, Ericsson has also committed the same error and Nokia, but at the exit of the mobile phone market, Ericsson has basically been a firm foothold. The first quarter of this year, Ericsson revenue edged down 4%, but the sale of the equity of Sony Ericsson, resulting in profits jumped by 116 percent.