Nokia Is Looking To Make A Comeback In 2021
Nokia Is Looking To Make A Comeback In 2021
Don't count Nokia out just yet—the smartphone developer is poised to make a comeback this year, with some investors saying that its stock could be a hidden gem.
Despite struggling to remain competitive over the last couple of years, Nokia has somehow managed to stay alive in the smartphone market. Even after its stock collapsed by nearly 50% due to the coronavirus pandemic, it was able to bounce back completely, making a full recovery at almost the same speed as the losses.
The opportunity for Nokia to shine comes after LG Electronics' recent announcement that it would no longer be producing new smartphones. While Nokia may not be able to compete with today's industry giants, it could still find success by filling the void left by LG with a brand-new offering of smartphones.
Nokia is coming out with six smartphone models that will be spread across three series: C, G, and X. The C-series will include entry-level models, the G-series will include mid-level models, and the X-series will feature premium-level models. While these will not necessarily be flagship products, they could serve as a decent alternative to other options on the market, such as Samsung's cheap 5G Galaxy A smartphones.
According to T-Mobile's latest earnings report, the smartphone industry appears to be stable at the moment, so right now is a good time for Nokia to get back into the playing field. Although its stock has fallen considerably since the pandemic started, it's unlikely that there will be a "lower-low" anytime soon, and thus things could start looking up for the company. InvestorPlace's Nicholas Chahine says these pandemic conditions are the base from which the bulls can engineer a comeback.
"The macroeconomic conditions have not improved much and this has to work within it," he adds. "The globe is still wrapped up in a hideous virus situation. Going into the colder months, infection rates are expanding and we still await a vaccine. Until then, Nokia’s business will continue to face headwinds."
With that in mind, it's difficult to tell whether or not these new line-ups will be enough to keep Nokia afloat. Even though the C, G, and X products will be priced reasonably below $500, consumers are still more likely still gravitate towards products such as Apple's iPhones or Google's Pixel phones, which are staples in this day and age. Investors will just have to wait and see if Nokia can save itself this time around.
READ MORE
Banks notice patterns. Someone deposits cash strategically to stay under certain thresholds. The person thinks they're being smart about paperwork, but they are actually committing a felony under federal banking law without realizing it.
The decision to quit a stable job for influencer fame, very often than not, hinges on a single assumption: that viral success can be replicated. For thousands of aspiring creators annually, this assumption proves catastrophically wrong. The pattern is consistent and brutal. One video explodes across platforms, racking up millions of views and thousands of new followers, creating an intoxicating illusion of overnight success. The creator interprets this as validation of their content skills, quits their job to focus full-time on creation, then watches in bewilderment as subsequent videos barely crack five-figure view counts. No, this isn't a failure of talent or effort. It's a fundamental misunderstanding of how virality works and what it takes to build a sustainable creator career. The viral video was likely a perfect collision of timing, cultural moment, and algorithmic favor—a combination nearly impossible to engineer deliberately. Meanwhile, rent still comes due, savings accounts drain faster than anticipated, and the question becomes urgent: can you actually go back to the career you abandoned?
There’s a special kind of stomach drop that happens when you realize you didn’t just splurge on a fancy dinner—you signed up for years of payments. Trading in a paid-off car can feel responsible in the moment. The dealer makes it easy. The new ride smells amazing. The monthly payment doesn’t seem that bad. And then reality shows up with a bill.
Take a nostalgic trip through the brands that defined the Baby Boomer generation—from iconic department stores to beloved snack foods and classic tech gadgets. Discover 25 unforgettable brands Boomers wish they could bring back.
Can you deduct service animal expenses on your taxes? We break down what the IRS really says about service dogs, medical deductions, and who’s right—your uncle or your accountant.
You want to keep your childhood home, but your parents have passed on with no will and credit card debt debt hanging over the estate. We explore your possible options.
Disclaimer
The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.
Dear reader,
It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.
Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!
Warmest regards,
The Moneymade team
