Today saw the intro of a new Samsung smartphone. Whether that had anything to do with how the cell phone market did today is a question I will leave up to you to answer. The fact is Apple (AAPL), and several other phone makers found their shares trading hands quite often today. Nokia (NOK) was the second most active stock today trading twice its volume at over 104 million shares.
Part of the reason could be Nokia recntly reported its fourth quarter earnings with revenues of $8.04 billion versus revenues of $10.05 billion in the fourth quarter of 2011. Their earnings per share were $0.05, versus -$0.29 in the fourth quarter of 2011. At first glance this news is good because the company reported profits for the first time since the second quarter of 2011.But if you look at the numbers on a year over year basis, the company’s revenues were down by 25%.
Bill Gates has bee making the rounds on the morning news shows as of late, but his company Microsoft Corp. (MSFT) has not been setting the marketplace on fire with its entry into the table market.
Microsoft has sold about 1.4 million of the Surface RT version and Surface Pro models since their debuts, this is according to three people, who asked not to be named because the company’s sales haven’t yet been made public, but at the weeks end Microsoft is trading well above its daily average at over 67 million shares.
Last but certainly not least is Cisco Systems, Inc. (CSCO) moving over 42 million shares today almost 10 million more than its daily average . The stock seems to be stuck in the low $20 range and shows no sign of breaking out, but it bears keeping an eye on so stay tuned.
Disclaimer: This article is intended for informational and entertainment use only, and should not be construed as professional investment advice. They are my opinions only. Trading stocks is risky — always be sure to know and understand your risk tolerance. You can incur substantial financial losses in any trade or investment. Always do your own due diligence before buying and selling any stock, and/or consult with a licensed financial adviser.