HTC Market Value Passes Nokia as Smartphones ‘Change Mindsets’
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HTC Corp., Asia’s second-largest maker of smartphones, passed Nokia Oyj’s market value as consumers switch to more powerful, feature-rich phones at the expense of the Finnish maker’s simpler models.
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.