Investors respond positively to Nokia’s growth ambitions in SEC filing

Investors respond positively to Nokia’s growth ambitions in SEC filing

March 7, 2013 | By Surur

The US stock market has responded positively to Nokia’s 20-F SEC filing, where Nokia repeated their ambition to grow faster than the smartphone market, thereby gaining market share, and maintain an operating margin of 10% or more.

They also expected their Nokia Siemens joint venture to also have a 5-10% profit margin.

Nokia also re-iterated that they expected in the short term Microsoft’s platform support payments to exceed the minimum Windows Phone royalty payments the company will make to Microsoft.

Nokia’s shares have risen 3% earlier today, and is current hovering around 2% up on the day.