HTC surpasses Nokia in market capitalization
Just a couple of years ago, you mightnot have even heard about this Taiwanese company called HTC. Now,riding the success of its smartphone lineup, the quietly brilliant company has surpassedNokia in terms of market capitalization reaching $33.8 billion,more than Nokia's $32.8 billion. It's also well ahead of BlackBerrymaker RIM, which has $28.5 billion worth of market value.
HTC's market value skyrocketed withgrowth of over 30 times in the last five years – all due toflourishing mobile business. A recent Goldman Sachs report suggestedthat HTC hasn't reached its peak just yet and will continue growing.What's behind the growth? “A very unique business model andecosystem strategy,” the report underlines.
source: Bloomberg
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