Nokia (NYSE:NOK) Plans To Offer Free Map App For iDevices and Android Phones – NOK, QCOM, ERIC, SONS, ALU

Shares of Nokia Corporation (NYSE:NOK) surged about 3% in aftermarket on Tuesday. As Nokia is still try to found out its way to a successfully comeback in the smartphone market. Although the firm is expecting to obtains its tentacles into rivals’ phones through mapping applications, a move it hopes will facilitate it to improve its maps.

The firm declare on Tuesday that in the pending weeks it would publish a maps app called Here in Apple (NASDAQ:AAPL)’s App Store. It will be downloadable app for iPhone, iPad and iPod Touch owners at no cost. Nokia also declared that it would publish a toolkit for programmers to make Nokia-powered mapping apps for Android phones. Plus it is forming a partnership with Mozilla, the browser firm, to develop location features for its novel operating system, called Firefox OS.

Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes QUALCOMM, Inc. (NASDAQ:QCOM) decrease -0.65%, Ericsson (ADR) (NASDAQ:ERIC) slid-0.75%, Sonus Networks, Inc. (NASDAQ:SONS) which also decreased -2.49% and Alcatel Lucent SA (ADR) (NYSE:ALU) closed down -2.70%.

Nokia Corporation (ADR) (NYSE:NOK) stock’s trade at beginning with a price of $2.78 and throughout the trading session climbed at a high of $2.79 other than when day-trade ended the stock finally declined -0.74% to $2.67.

The stock is going forward its 52 week low with 63.80% and lagging behind from its 52 week high price with -56.91%. NOK last month stock price volatility remained 3.79%.

NOK stock institutional ownership remained 10.80%. In its share capital NOK has 3.83 billion outstanding shares among them 3.79 billion shares have been floated in market exchange.

Company’s beta coefficient included 1.55. Beta factors measures the amount of market risk associated with market trade.

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Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.