HTC, the Taiwanese phone maker, surpassed Nokia in market capitalization yesterday, putting it in the ranks of the largest mobile phone makers in the world.
HTC closed Thursday at 1,200 Taiwanese new dollars ($41.37) in the Taipei market. That gives it a market capitalization of NT$981.18 billion ($33.82 billion). Nokia's shares opened in Helsinki at €6.23 ($7.65) Thursday, pulling its market cap down to $33.81 billion, a hair below. At the end of the day Nokia pulled back up to €6.26 ($7.69) getting it back to $33.98 billion.