Nokiashares were up about 5% today coming into noon. The bump can be attributed to Nokia's announcement that it's entering into a deal to provide mapping and location services for enterprise giant Oracle. In the preceding video, Fool.com analyst Andrew Tonner delivers the full story, including details of the deal and what this huge win can mean for Nokia's future.
Nokia's stagnation began back when smartphones were just an emerging market, and the company placed its bets on feature phones instead. With its Lumia line of smartphones, Nokia has finally reversed course, and time will tell whether it's able to gain traction in this growth space. It's sure to be an uphill battle, with competition coming from the likes of Apple's iPhone 5, which has delivered market-smashing returns for lucky investors. However, maintaining that torrid pace will only get increasingly difficult for the most influential company in technology. If you're looking for a recommendation on how to play Apple, along with continuing updates and guidance on the company whenever news breaks, we've created a brand-new report that details when to buy and sell. To get started, just click here now.
The article What's Behind Nokia's Big Pop Today? originally appeared on Fool.com.
Andrew Tonner has no positions in the stocks mentioned above. The Motley Fool owns shares of Google, Microsoft, and Oracle. Motley Fool newsletter services recommend Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.