Technology Stocks Biography
While the global economy remains sluggish, tech-hungry consumers continue to purchase smartphones and tablets with reckless abandon. Increased demand for higher-end smartphones is expected to account for the majority of global cell phone sales in 2013. Smartphone shipments in 2013 are forecasted to account for 54% of the total market, up from 46% in 2012 and 35% in 2011. (Source: “Smartphones See Accelerated Rise to Dominance,” IHS iSuppli, August 28, 2012; last accessed January 3, 2013.) Increased demand for worldwide media market tablets has led International Data Corporation (IDC) to increase its 2013 forecast from 142.8 million units to 165.9 million units. By 2016, worldwide tablet shipments are expected to reach 261.4 million units. (Source: “IDC Raises Its Worldwide Media Tablet Forecast on Continued Strong Demand and Forthcoming New Product Launches,” BusinessWire, September 19, 2012, last accessed January 3, 2013.) Nokia Corporation (NYSE/NOK) is one of the largest providers of telecommunication products and services worldwide. Nokia’s business consists of mobile device manufacturing and services, primarily running Microsoft Corporation’s (NASDAQ/MSFT) “Windows” mobile platform, as well as “NAVTEQ” (digital map content and services). With products in more than 160 countries, Nokia’s largest single-country market is China. The technology stock has a market cap of $15.3 billion, nearly $12.0 billion in cash, and $6.8 billion in debt; the technology stock provides an annual dividend yield of nearly seven percent.
While the global economy remains sluggish, tech-hungry consumers continue to purchase smartphones and tablets with reckless abandon. Increased demand for higher-end smartphones is expected to account for the majority of global cell phone sales in 2013. Smartphone shipments in 2013 are forecasted to account for 54% of the total market, up from 46% in 2012 and 35% in 2011. (Source: “Smartphones See Accelerated Rise to Dominance,” IHS iSuppli, August 28, 2012; last accessed January 3, 2013.) Increased demand for worldwide media market tablets has led International Data Corporation (IDC) to increase its 2013 forecast from 142.8 million units to 165.9 million units. By 2016, worldwide tablet shipments are expected to reach 261.4 million units. (Source: “IDC Raises Its Worldwide Media Tablet Forecast on Continued Strong Demand and Forthcoming New Product Launches,” BusinessWire, September 19, 2012, last accessed January 3, 2013.) Nokia Corporation (NYSE/NOK) is one of the largest providers of telecommunication products and services worldwide. Nokia’s business consists of mobile device manufacturing and services, primarily running Microsoft Corporation’s (NASDAQ/MSFT) “Windows” mobile platform, as well as “NAVTEQ” (digital map content and services). With products in more than 160 countries, Nokia’s largest single-country market is China. The technology stock has a market cap of $15.3 billion, nearly $12.0 billion in cash, and $6.8 billion in debt; the technology stock provides an annual dividend yield of nearly seven percent.
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