HTC beats Nokia in market cap

It seems things are not going as per the plan for Nokia, first the chart in my earlier blog (Android will rule em all) shows Symbian biting dust and on the verge of becoming obsolete and on the second front the market cap of Nokia is now kicked down by another close competitor HTC. Market cap or capitalization is nothing but dollar equivalent of the amount of shares for a particular company in the stock market.

HTC is a Taiwan based company and is famous for making ostentacious models of the smartphones. Nokia on the other hand is a very big and very old player in the field of mobile phones and mobile telecommunication. Finland based Nokia has slowly lost the steam and as per the reports the shares of Nokia got shrunk by 19% whereas on the otherhand HTC shares have soared to 33%. RIM or Research In Motion stood at the 3rd place as far as market cap is considered. RIM which based in Canada is really trying hard to bounces back with the tablet (Playbook) it is planning to launch soon (Apr 19th).

Here is the table for your analysis. Though HTC leads Nokia by the slight margin as per this table, but I guess the HTC lead will be increased as Nokia still have a lot to do by getting rid of Symbian and utilizing Windows mobile platform to its advantage.

There has been an ongoing fight to reach the pinacle of the smartphone hardware World and with time this fight has become both interesting and fun to watch.