Nokia Corporation (ADR) (NOK) Welcomes Competition in this Area

There has been a lot going on with Nokia Corporation (ADR) (NYSE:NOK) as of late. We have discussed some of the company’s most recent changes in this piece, and there are sure to be many updates to come in the following days.

Nokia Corporation (ADR) (NOK) Welcomes Competition in this Area

One of the most interesting stories over the past day is related to Nokia’s Mix Radio service, which now has some competition in the form of Apple Inc. (NASDAQ:AAPL) iTunes Radio.

While many would believe that an entrance by Apple into the market is sure to bite into Nokia’s market share, the company doesn’t seem to be too worried about this. In fact, it is welcoming Cupertino to the party with open arms. Sounds strange, doesn’t it?

Should Nokia Corporation (ADR) (NYSE:NOK) be Worried?

Apple recently revealed its plans to unveil it streaming radio service next week. While this is good for the iPhone maker, the competition has to be wondering what it will mean to this market as a whole.

Interestingly enough, Nokia Mix Radio has been in this space for quite some time. In other words, Apple is late to the party.

Earlier this year, Nokia Entertainment CEO Jyrki Rosenberg made note that Apple is lagging behind when the announcement of iTunes Radio was first made. He said, “We launched our streaming radio service in 2011. It’s interesting to see Apple react now and it seems they continue to play catch-up.”

Well, the time has come for Apple to begin playing catch-up. Its service is about to launch, and Nokia Corporation (ADR) (NYSE:NOK) will now be faced with some serious competition.

The real question is this: how long will it take for Apple to take over the market? Even more so: will Cupertino have what it takes to move to the top?

In a recent piece by Justin Harp of Digital Spy, Rosenberg didn’t shy away from the competition. In fact, he embraced it. “It’s good to see the launch of Apple’s radio service.”

This developing story is worth watching on a number of levels. Everybody wants to see what iTunes Radio will be able to accomplish, but at the same time it will be interesting to keep tabs on how Nokia Corporation (ADR) (NYSE:NOK) continues to develop in this space.

If you are a Nokia investor like fund manager Ken Griffin, or even a Microsoft investor like fund manager Jeffrey Ubben, what do you think about this?

Disclosure: none

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!