Even on a day when the stock market was notably down, Nokia still substantially underperformed its peers, falling as much as 5% in trading today. Things haven't been looking good for the onetime telecom leader, whichj was downgraded earlier this year to junk bond status. The company has to secure additional financing by using convertible bonds, as it attempts to come back in a difficult technology market. See more in the following video.
The demise of Nokia can also be read as the continued dominant march of Apple. If you're wondering whether the iPad Mini launch makes Apple a buy or sell today, you can lean more by picking up a copy of our premium research report on Apple. In it, you'll learn everything you need to know about the launch and receive ongoing guidance as key news hits. Claim your copy today by clicking here now.
The article Nokia Takes It to the Bank originally appeared on Fool.com.
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