Nokia Moved To ‘Junk’ Category

Have you been looking into investing into Nokia, well according to S.&P. (Standard & Poor) it wouldn’t be such a wise idea, given that they just moved Nokia’s Bonds to ‘Junk’ status. Junk status in lamense terms means a non-investment bond; here is the exact definition if you want to take a look at it. S.&P.  claims that the company’s profit margin only fell short of Nokia’s expectations because of the sales of Nokia’s phones that had Lee Williams infamous Symbian OS bestowed upon them.

Coincidentally Samsung knocked Nokia off of it’s pedestal as the number one cell phone manufacturer, this includes smartphones and traditional cellphones, as this was happening.  If we just look at smart phone sales Apples is first, leaving Samsung to steal second, and to watch Nokia drop all the way down to third right ahead of RIM. Will Nokia’s Lumia series allow for a reclaiming of the throne as number one cell phone manufacturer?  Well, according to S.&P. it won help Nokia recover as quickly as they may hope.

Sources: The Verge, New York Times