Nokia shares hit 8 month high as it breaks $4 a share

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Anyone who bought Nokia shares in the last 8 months will be smiling now, as the shares break the $4 barrier and hit an 8 month high, rising 145% from its 52 week low of $1.63.

The driver is primarily optimism about the company actually recovering market share on the strength the popular Nokia Lumia 920, with multiple reports of good sales and the product selling out.

Nokia on the other hand guided a relatively flat Q4, and it would be interesting to see which way the share price heads when Nokia announces their financials on the 24th January 2013.



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Site Admin and Windows Phone enthusiast, he has been using Windows Mobile devices since before they were called PocketPC™s. He is currently sporting a Nokia Lumia 930.