Let’s take a look at what is on the mobile market today. Generally, there are many companies in each particular sector so an investor might find it hard to find where to put his money. In this way, an easy way that might help make the right choice is to follow the highlights on the markets. Among today’s stars that will most likely be in the middle of attention are situated Blackberry, Nokia and Apple.
BlackBerry Ltd (NASDAQ:BBRY)‘s stock closed yesterday down by 1.82% at $10.32 per share. Recently the board of directors of BlackBerry Ltd (NASDAQ:BBRY) created a Special Committee designed to find strategic alternatives to power-up the disposal of Blackberry 10. Among options are the possibility to form joint ventures, partnerships, alliances or even a sale of the company. As a result of this decision, the manager of Fairfax, the largest BlackBerry Ltd (NASDAQ:BBRY) shareholder, announced that he will step down from the board, in order to avoid conflicts that may happen during the work of the Special Committee. “I continue to be a strong supporter of the Company, the Board and Management as they move forward during this process, and Fairfax Financial has no current intention of selling its shares,” a statement issued by Blackberry quoted Watsa as saying.
Another important company from the mobile industry is Nokia Corporation (ADR) (NYSE:NOK). The company will be on our radars for some time, since it is soon expected to release its tablet running on Microsoft’s Windows RT. The event during which the device will be announced is expected to take place in September. However, analysts and specialists from the industry don’t have many expectations from the new Nokia Corporation (ADR) (NYSE:NOK) tablet, basing on the poor sales results achieved by Microsoft’s Surface tablets that also work on Windows RT operation system. With Nokia Corporation (ADR) (NYSE:NOK) doing pretty good on the smartphones market, with Lumia series being on top of the best sellers, and even conquering the market in United Arab Emirates, where Nokia’s market share amounts to over 50% according to recent data. On Monday, Nokia Corporation (ADR) (NYSE:NOK)’s stock edged down by 0.24% and closed at $4.13.
And the third on our watch is Apple Inc. (NASDAQ:AAPL). Apple is a company with a solid growth and sales numbers that make many investors happy. The company manages to stay in the middle of attention all the time, while new products released by the company make huge lines in front of the stores. This time, Apple Inc. (NASDAQ:AAPL) is expected to surprise his fans even more, as everyone already knows, people are waiting for two iPhone models to come on the markets: the iPhone 5S, an updated version of the current iPhone 5 model, as well as a low-cost iPhone, which is an interesting move, taking into account the high price tag that usually follows every Apple Inc. (NASDAQ:AAPL) product. Amid positive expectations from the company, Apple Inc. (NASDAQ:AAPL)’s stock closed 1.08% higher yesterday, at a price of $507.74.
In this way, let’s see how the mobile market will move today, and what changes will happen to Blackberry, Nokia and Apple and how these changes will affect companies’ stocks.