Things haven’t been getting any better from Nokia (NOK) lately, and Credit Suisse on Monday officially downgraded the troubled Finnish phone manufacturer from “neutral” to “underperform.” And as Street Insider reports, the bank doesn’t see Nokia recovering in the future and suggests that breaking up the company and selling it off in pieces could now be its best-case scenario. In particular, Credit Suisse said that Apple (AAPL) may be interested in buying some of Nokia’s patents to boost its own portfolio while “Ericsson, Huawai, ZTE may be interested in parts of Nokia Seimens Networks.” Credit Suisse said it was highly unlikely that any company would be willing to buy the entire company.
Nokia not seen recovering, could be broken up and sold for parts
Updated Dec 19th, 2018 8:37PM EST
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
