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HTC's market capitalization reaches $33.8b, overshadows Nokia and RIM

Vlad Savov
04.07.11
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Nokia once said that going with Android was like "peeing in your pants" for temporary warmth. Well, even if that warmth doesn't last forever, it has now helped one of its upstart competitors, HTC, to rise beyond Nokia in terms of market valuation. This is a somewhat beguiling metric to compare companies by -- market cap measures the value of a company's shares available on the market, and not every company has the same proportion of its overall value available in stocks -- but it illustrates well the diametrically opposite directions in which the two mobile phone makers are moving. Bloomberg informs us that HTC's stock has risen by 33 percent this year, while Nokia's has shrunk by 19 percent. Surpassing Nokia now means HTC is the world's third most valuable smartphone maker. Of course, neither Nokia nor RIM is sitting idly by and letting the Taiwanese whippersnapper have things its own way, however both companies' roadmaps for re-conquering the smartphone high-end seem to stretch far off into the 2012 distance. As for HTC, we expect it to launch another Sensation of a device on Tuesday.

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