Thursday, April 7, 2011

HTC Market Value Passes Nokia

HTC surpasses Nokia in market capitalizationHTC Corp., Asia’s second-largest maker of smartphones, passed Nokia’s market value.

The 5.3 percent gain of HTC shares in Taipei trading yesterday took the Taoyuan, Taiwan-based company’s market value to $33.8 billion, exceeding the $33.6 billion value of its competitor. Nokia climbed 1.1 percent to 6.26 euros. HTC shares closed unchanged today.

HTC stock tripled in the past year as smartphone shipments grew at more than twice the pace of the wider market for mobile handsets.

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