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Nokia Stock share rises

Thursday, December 20, 2012

Nokia stocks has raised 5% to put it at 4$ a share, and that is due to a report from Liberum Capital about Lumia 920 success and that it is still selling well.

This year was a bad year for Nokia stock where it reached 1.63$ in July, but it started to rise slowly after the release of Windows 8, and after the positive reviews of its latest flagship Lumia 920.

The company previously lost 24% of its market share, and they were planning to layoff nearly 10,000 workers by the end of 2013 in a continued restructuring of the company, they also reported that they will close their facilities in Ulm, Germany, Burnaby, Canada and its manufacturing facility in Salo, Finland (Research and Development efforts in Salo will remain) while focusing on their Lumia line of phones.

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