3 ms·

Ouch. Nokia has a market cap of $23B and did $14B in revenue over the last year. http://finance.yahoo.com/q/ks?s=NOK+Key+Statistics http://finance.yahoo.com/q

by runako 11y ago

Ouch. Nokia has a market cap of $23B and did $14B in revenue over the last year. http://finance.yahoo.com/q/ks?s=NOK+Key+Statistics http://finance.yahoo.com/q/ks?s=NOK+Key+Statistics

chris_wot 11y ago
I plead ignorance!
- oblio 11y ago
  To add insult to injury, they plan on returning to the phone business next year :)
  - chris_wot 11y ago
    Well that definitely makes me feel a little sheepish.
  - ptaipale 11y ago
    I think that is just a rumor, though you could believe it because it is officially denied.
forgotpwtomain 11y ago
Isn't that a pretty low market-cap for that kind of revenue figure (not even 2x)? Are expectations not very good for them?
- runako 11y ago
  1) Expectations are definitely not strong. 2) The common multiple is versus profit, not revenue. Their Price/Earnings is around 8. Not great, but much higher than Price/Sales.