This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Nokia Delivers Where BlackBerry Fails

Stocks in this article: NOKMSFTAAPLBBRYAMZNBKSGOOGCAJ

NEW YORK ( TheStreet) -- Nokia's (NOK) announcement of the release of six new Windows-based Nokia phones and a tablet on Oct. 22 is actually more exciting news for Microsoft (MSFT) investors than for Nokia's.

Earlier this month, Microsoft agreed to buy almost all of Nokia's devices and license patents. The transaction is expected to close within the first quarter of 2014, and investors should regard Nokia's ongoing phone strategy as Microsoft's. Nokia may be going through the motions, but for all practical purposes, the new devices are de facto Microsoft products.

Selling tablets has been the nemesis for Hewlett-Packard (HPQ), BlackBerry (BBRY) and Barnes & Noble (BKS). Despite less than tenacious sales of Surface, consumers will soon have another tablet from which to choose.

Microsoft may feel like it's pushing a rock up a hill trying to capture market share from Apple (AAPL) and Amazon (AMZN) in the tablet space, but it does strengthen Microsoft's competitive position with Google (GOOG).

Every tablet sold grows Microsoft's ecosystem and helps maintain the critical mass of users required to keep a steady flow of new and updated apps. Once BlackBerry lost the enthusiasm of app developers, it was easy to see why consumers picked Android and iPhones over BlackBerry, when given a choice of phones.

I'm not expecting an immediate mass exodus from iPads and Droid-pads over to Windows. For investors, that's OK, because Microsoft (financially) doesn't immediately need to win the tablet war.

With that said, BlackBerry's decision to throw in the towel couldn't come at a better time, particularly with market-dominating 41 MP Windows phones now on sale.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,828.24 +0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASDAQ 4,791.63 +4.3130 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs