HTC Surpasses Nokia’s Market Cap

Asian smartphone company HTC Corporation (TPE:2498) has surpassed the market cap of Finland based Nokia Corporation (NYSE:NOK). HTC’s market cap has grown 30 times larger in the past 5 years. At one point yesterday, HTC was valued at $33.88 billion and Nokia was valued at $32.84 billion. Market cap is the stock market value of a company. It is the value of the company based on multiplying the share price of a company with the number of shares outstanding. HTC can attribute their success in the smartphone market through their operating system partnership with Google Android. However Nokia has a deal in the works with Microsoft for Windows Phone 7 smartphones. [SlashGear]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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