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Forums - Gaming - Nokia Chinese deal confirmed. Nokia stock up 13% today, Apple down over 6%.

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Proclus on 04 December 2012

Really should've bought some Nokia stock in September :P



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Proclus on 04 December 2012
kowenicki said:
Proclus said:
Really should've bought some Nokia stock in September :P


rubs hands.



Gah, should've known you actually did. :D Kinda pondering whether it's still worth it or not.



Proclus on 04 December 2012
kowenicki said:
Proclus said:
kowenicki said:
Proclus said:
Really should've bought some Nokia stock in September :P


rubs hands.



Gah, should've known you actually did. :D Kinda pondering whether it's still worth it or not.

Well. It is still down a hell of a lot from its peak. Who knows?  It's very unlikely to get anywhere near that peak ever again though.

Cant remember what I paid now. I must check.



Heh, I am not expecting it to go anywhere near 40 again either, but if it's likely to go at least above 6 again within 12-18 months I may still be interested, must look into this tomorrow.



famousringo on 04 December 2012
kowenicki said:
trasharmdsister12 said:
kowenicki said:
Why cant China Mobile use iPhones?

The answer is slightly hidden in the OP. China Mobile's network uses TD-SCDMA, which is not supported by any current incarnation of the iPhone. There have been rumors here and there concerning a version of the iPhone that does support this modulation/demodulation scheme.


I see. thats a it of a mistake isnt it?


I don't think it's quite that simple. If Apple wanted to build an iPhone for China Mobile, they certainly could (see CDMA iPhone 4).

I think the larger problem is that China Mobile doesn't want to lose control of the user to Apple. There are a few carriers around the world who just don't want to lose control (and the money that comes from that control), and China Mobile is one of them. NTT DoCoMo is another. Verizon used to be one.

Holdouts tend to bleed subscribers to rival carriers that do carry the iPhone, so eventually I'd expect China Mobile to cave. They might be able to wrangle a few concessions out of Apple first, though. Anyway, there's no point in Apple building phones that support SCDMA until China Mobile's on board.



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man-bear-pig on 05 December 2012

Woohoo! I bought Nokia shares at 2.20 about a month ago.



My prediction threads:

Wii U will sell under 40m units (made on 14th September 2012)

PS Vita will sell under 20m units (made on 30th September 2012)

Wii U will sell under 7m in 2013 - I was right

Halo 4 first 9 weeks sales prediction

PS4 to be down YOY in 2015

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haxxiy on 05 December 2012

Nice for Nokia!



 

 

 

 

 

Proclus on 05 December 2012
kowenicki said:
Apple shares down 6% today and Nokia up 11% today.

This seems to be a big deal.

Err, that's a massive drop for Apple and a massive gain for Nokia in relative terms, also my stats say: 12.79% for Nokia :P



man-bear-pig on 05 December 2012
kowenicki said:
Apple shares down 6% today and Nokia up 11% today.

This seems to be a big deal.


No...Apples shares didn't drop for the same reason Nokias went up.

I thought Apple bottomed out at 548 today, so I bought some. Now they're at 539. 539 for Apple is an absolute steal, but they'll jump a bit tomorrow when the market opens.



My prediction threads:

Wii U will sell under 40m units (made on 14th September 2012)

PS Vita will sell under 20m units (made on 30th September 2012)

Wii U will sell under 7m in 2013 - I was right

Halo 4 first 9 weeks sales prediction

PS4 to be down YOY in 2015

Proclus on 05 December 2012
kowenicki said:
Proclus said:
kowenicki said:
Apple shares down 6% today and Nokia up 11% today.

This seems to be a big deal.

Err, that's a massive drop for Apple and a massive gain for Nokia in relative terms, also my stats say: 12.79% for Nokia :P

equates to a $25bn drop in the value of Apple.  (its only $509bn now. lol)

I'm not stock expert, and would never claim to be, but Apple and Google have always seem massively overpriced to me.



dallas on 05 December 2012

This isn't going to be a hyuuuugggee deal for Nokia, as china still doesn't have a lot of income and it's market of smartphones tends to be like a lot of developing countries, primarily a low-end market. But all the same that's good for Nokia I guess.