After plummeting to a 15-year low two weeks back, Nokia shares listed in Helsinki surged 44% last week amid some positive news surrounding the company recently. After another dismal quarter in which the company lost billions of dollars more, Nokia finally announced some good news where they sold four million Lumias last quarter, more than any to date.
However, this sharp rise may have been due to the fact that Nokia’s CEO, Stephen Elop, and several board members acquiring more than one million Nokia shares in the open market last week. And, not to mention we are now only a month away from Nokia World, where Nokia is expected to launch the first Windows Phone 8 smartphone.
With more news leaking that Nokia is phasing out its Qt development platform, it looks like it’s WP8 or nothing now for Nokia.