Two of those will likely be new models in the Lumia range. The six-inch Lumia 1520 was expected to have a September launch date but was delayed on Microsoft's (MSFT) pending purchase of Nokia's mobile arm. Nokia's Lumia 1020 launched in India on Thursday and will be available to purchase from Oct. 11.
Nokia shares closed 0.15% higher to $6.64 while Microsoft was up 0.82% to $32.77.
TheStreet Ratings team rates Nokia as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate Nokia a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall."
- You can view the full analysis from the report here: NOK Ratings Report
Rumors continue to swirl around Apple (AAPL) , as a leaked China Mobile (CHL) advertisement indicates the carrier could begin selling the iPhone 5s and 5c as early as November. Apple's market share in China declined from 9% to 5% in the most recent quarter and a partnership with one of the largest wireless carriers could prove fruitful.
Apple shares were up 0.97% to $486.22 and China Mobile was 0.62% higher to $56.85 as of close of trading.
TheStreet Ratings team rates Apple as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate Apple a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: AAPL Ratings Report
BlackBerry (BBRY) will report second-quarter figures on Friday as originally planned, but has cancelled its post-earnings conference call due to Fairfax Financial's acquisition bid. Many analysts have expressed doubts over the proposed deal, especially in light of news the acquisition relies on additional cash from non-Fairfax investors.
T-Mobile US (TMUS) announced it will no longer sell BlackBerrys in-store but will continue to do so online. It cites low consumer demand as the key factor behind the decision.
BlackBerry shares closed 0.69% lower at $7.95, more than $1 under Fairfax's $9-a-share bid, while T-Mobile gained 0.15% to close at $26.12.
TheStreet Ratings team rates BlackBerry as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate BlackBerry a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and weak operating cash flow." Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: BBRY Ratings Report
Written by Keris Alison Lahiff.