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HTC passes Nokia in market cap

updated 06:35 pm EDT, Wed April 6, 2011

HTC past Nokia in market cap

HTC reached a milestone on Wednesday as it passed Nokia in market capitalization. Its total share value reached $33.8 billion, passing Nokia's $32.84 billion. The Taiwan phone maker had already passed RIM's $28.5 billion.

The achievement is notable for occurring in just a few years and almost all of it within the past two. Much of HTC's early history was spent making phones that were either completely rebadged for a carrier or were using Windows Mobile and usually relegated to slow sales. Its transition to Android quickly saw it surge in popularity to where it's now the fifth largest smartphone maker, having toppled veterans Motorola and Sony Ericsson.

Nokia's relatively stagnant share has been hurt by its overdependence on Symbian and relative slowness to change to meet competition from Android or iPhones. Its decision to transition over to Windows Phone has been considered a gamble but possibly a necessary one to generate interest amid rapidly shrinking market share and influence.

HTC is still significantly smaller than Apple both in device share and in market cap. As of Tuesday, Apple's market cap was about $312 billion, supported mostly by expectations surrounding its phone share but increasingly helped by the iPad and confidence in growing Mac share.[via AllThingsD]




by MacNN Staff

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Comments

  1. Joe05

    Joined: Dec 1969

    -3

    Noki

    HTC may have passed Nokia in Market cap but it's not even close in reach or scope. Nokia sell 400 million phones worldwide, 100 million smartphones alone.

    Market cap is fleeting, even Steve Jobs has admited as much, the fanbois obsession with confusing Market cap for an overall measurement of success is wrong, Google is now seeing it's market shrink, yet it's a very finacially health company.

    Stick to the fundamentals and try not to be too obsessed with market cap, Apples excessive market cap won't last, but as long as it has the cash and revenue, that's what matters.

  1. imNat-imadouche

    Joined: Dec 1969

    -4

    Go HTC

    Not long before you topple Apple

  1. global.philosopher

    Joined: Dec 1969

    +2

    Market cap is meant to reflect future earnings....

    that is why Apple's market cap is so high...they are extremely profitable and are seen as having a strong future. Given this, HTC is seen as having a better future than Nokia...but I personally do not believe it. I think Nokia's name brand is stronger than HTC and one misstep by HTC will see it's market cap slide.

    Nokia has enough loyalty and distribution channel to bounce back.

  1. SierraDragon

    Joined: Dec 1969

    +3

    Not to worry...

    Nokia now has Microsoft as an anchor. [sarcasm]

  1. wrenchy

    Joined: Dec 1969

    -5

    Don't worry


    HTC has the Little Green Robot behind it.
    Nokia doesn't. Not yet anyways.


    DRrrroid!


    - Sent from my Android Device.

  1. samirsshah

    Joined: Dec 1969

    -2

    It is not a sprint...

    it is a marathon.

    Honeycomb vs. Windows 8 tablets.

    Nokia should not go Meego for tablets if Microsoft is going to put a significant effort in developing and supporting Windows 8 for tablets.

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