When Elop took the reins at Nokia on 21 September 2010, the firm’s shares were trading at just under 10 dollars on New York’s Nasdaq stock exchange. At close of business on Wednesday Nokia shares were worth just under 3.60 euros.
The drop represents a 64 percent fall in value, or just under two thirds. Nokia is not the only mobile company to suffer a steep fall in share price. Sony Ericsson and Blackberry have both experienced a similar drop in value.
At the same tims as those three companies have seen steepling falls in share prices, rivals Samsung and Apple have seen their values explode. Both operate in a number of fields, however, and are not dependent on mobile revenues in the same way as Nokia.
On Thursday Nokia announced a 150 million euro loss in the first quarter of 2013. The devices unit’s loss of 42 million euros was, however, smaller than analysts expected.
