Better Tech Stock: BlackBerry or Nokia
BlackBerry (NYSE: BB) and Nokia (NYSE: NOK) both rose from the ashes over the past decade. Both companies abandoned the smartphone market as their devices were marginalized by Apple iPhones and Alphabet Android devices, and they both pivoted toward different markets to survive.
BlackBerry expanded its enterprise software business, discontinued its first-party smartphone business five years ago, then licensed its brand to third-party smartphone makers. Nokia sold its handset division to Microsoft in 2014, bought its rival Alcatel-Lucent in 2016 to expand its core telecommunications equipment business, and started to license its brand out to other smartphone makers that same year.
BlackBerry and Nokia's radical transformations kept their businesses alive, and their stocks have steadily risen. Over the past five years, BlackBerry's stock rallied nearly 40% as Nokia's stock advanced about 20%. But is either of these tech stocks still worth buying today?
Source Fool.com
