Nokia Is Looking To Make A Comeback In 2021

Nokia Is Looking To Make A Comeback In 2021


June 17, 2021 | Eul Basa

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

My stepmom sold all my late mother’s jewelry even though it was promised to me and pocketed the money from the sale. Now what?

If your mother said her jewelry would go to when was gone, but your stepmother sold it and kept the proceeds, your options will depend on your mother's estate plan and local inheritance laws.
July 8, 2025 Peter Kinney
Couple with separate finances

How To Keep Separate Finances In A Marriage

More couples are choosing to keep their finances separate, especially among younger generations. It can be a smart way to protect assets or maintain independence, however, it only works when both partners are on the same page. Here's how to approach it thoughtfully.
July 8, 2025 Ella Mason

If you own a one-million-dollar home, this is how much it will be worth in 10 years (in each state).

Property Investment Map Your million-dollar home could appreciate anywhere from 2 to 6 percent annually through 2035. These projections, based on FHFA's current market forecasts, state economic data, and regional trends, are subject to change. However, location makes all the difference.
July 8, 2025 Peter Kinney

Common Features Of Great Cover Letters And What You Should Leave Out

Writing a winning cover letter is crucial for getting you in front of the hiring manager for a job interview. What you don't include in the letter is just as important as what you do include.
June 20, 2025 Jane O'Shea

My friend inherited $80K, but instead of paying off his credit cards, he’s buying a Tesla Cybertruck. Is there a way to talk him out of this lunacy?

Inheriting $80,000 is a life-changing opportunity, but your friend’s decision to buy a Tesla Cybertruck while still owing money on high-interest credit cards could lead to long-term regret.
June 10, 2025 Peter Kinney

I make more money than my fiancée, but he refuses to contribute for basic things—despite working a 9-to-5 job and having "fun" money. What can I do?

Relationships are supposed to be about sharing financial burdens, but sometimes those scales can become unbalanced, throwing off the harmony and happiness in the relationship. Here's what to do if you think your relationship has become financially unbalanced.
June 26, 2025 Jack Hawkins


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