Wednesday, July 18, 2012

HAHA ! "ANGRY BIRDS" VALUED MORE THAN "NOKIA"

do you ever played "angry birds", a game Inspired primarily by a sketch of stylized wingless birds, in which players use a slingshot to launch birds at pigs stationed on or within various structures, with the intent of destroying all the pigs on the playing field. recently, the game, developed by Finnish game developers rovio mobile, valued by analyst cool $9billion, which is almost 140% of the biggest corporation of Finland "NOKIA". while Nokia valued under $7billion, based on closing price of its shares $1.69, ANGRY BIRDS now valued more than it. Remember, NOKIA is one of the biggest wealth destroyer in last 10 years, as its shares plunged from $60 to penny $1.60, due to its inability to compete with that of Samsung, apple, HTC and other players.                                                                                                                                                                                 while Nokia sales product(consumer telecom product, telecom equipment with Siemens etc) worth $40 billion last year, it incurred almost $1.2 billion of loss in Q1 of FY 2012.it has some 120000 people working across various domain, in comparison rovio mobile do sales worth than $100million and profit before tax of $48million in last financial year, which is ten fold as compared to the previous year.the game is used almost 1 billion times on various platform prior to its launching.                                                 

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