Friday, May 18, 2012

Could Nokia Go Bankrupt?

Nokia does not have much presence in the U.S. market, so few consumers will be concerned, no matter how the company fares globally. 


But some analysts point out that Nokia faces some danger of going bankrupt. Nokia had more than 10 billion Euros in free cash in 2007. In 2012 Nokia has less than half that on hand.


Nokia lost 2.1 billion Euros during the past five quarters. If this rate of erosion continues, then Nokia might run out of cash in about two years, according to analysts

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