In the video below, Senior Technology Analyst Eric Bleeker looks at the outsized sell-off in Nokia's shares after the company announced its newest phone. As Eric describes, the phone came in pretty much as expected, with slick hardware. However, the next day Nokia, sold off a whopping 16%.
In the end, Eric notes a couple of takeaways. The first is that, while Nokia is being trumpeted by many value investors, the size of yesterday's sell-off on a phone announcement shows that there are a fair amount of speculators crowding into its shares. Second, the sell-off was probably less about the phone itself, and more because Nokia didn't announce a firm release date aside from the fourth quarter of this year. Nokia says its hardware is ready, but it's waiting on "integration" issues with Microsoft's new Windows Phone 8. To that end, Eric says that the launch could be just another reason why Nokia might have been better off going with Android. To see Eric's full thoughts, watch the following video.
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The article Seriously, What Were Investors Expecting from Nokia? originally appeared on Fool.com.
Eric Bleeker has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Google, and Nokia. Try any of our Foolish newsletter services free for 30 days. 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.
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