HTC’s Market Capitalization Surpasses Nokia and RIM, Reaches $33.8 Billion
Android does some pretty amazing things. For instance, it can take a large part of the credit for rocketing lowly HTC from the depths of smartphone irrelevancy to a $33.8 billion market capitalization value. At the same time, one company opposed to placing Google’s OS on their hardware has seen a fall. Yep, HTC has passed Nokia using this metric as a rule. HTC has also surpassed BlackBerry maker RIM.
For what it’s worth, the valuation shouldn’t be taken as a gold standard. Market capitalization is a measure of value among stocks available on the market. Given that not all companies make equal numbers of stocks available, you can see that the comparison may not always be fair. At best we can glean one undeniable fact: HTC’s value has grown while the value of RIM and Nokia has fallen off. More precisely, the price of HTC stock has grown by 33 percent while Nokia’s stock price has dropped by 19 percent.
Nokia’s move to Windows Phone 7 and RIMs recent moves to revitalize the BlackBerry franchise haven’t played out yet, but we are sure the coming months (and years) will see continued flux in this and other rankings.
[via Engadget]