Nokia’s stock plummeted soon after the Windows Phone strategy was announced. The stock fell from around 25USD to 6USD per share. Analysts also downgraded Nokia’s credibility as a stable company and quickly issued a “Sell” status. Nomura Securities has now upgraded Nokia’s grade from a “reduce” to a “neutral.” In other words, analysts are starting to trust Nokia can execute its strategy and deliver products that will strengthen Nokia’s position in the market.
It’s very nice to see how Nokia is starting to get itself afloat after so much trouble. Hopefully Nokia World 2011 will further prove that Nokia is back!