Nokia Stock Prediction: The Digital Healthcare Industry Is Why You Should Stay Long Nokia

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Nokia Stock Prediction


  • Apple is helping Nokia’s growth as a vendor of intelligent health monitoring gadgets. The connected health industry is expected to be worth $160 billion by 2020.
  • After subsidizing the Nokia 6 Android phone for its Prime subscription program, Amazon is also helping Nokia sell its health monitoring gadgets.
  • Slowly but surely, Nokia is making a comeback in consumer electronics. Nokia needs to get involved in consumer electronics to keep people and investors interested in its stock.
  • The upcoming launch of HMD Global’s flagship phone, the Nokia 8 can further revive interest in the brand. The ‘bothie’ camera feature makes the Nokia 8 unique and attractive.
  • Nokia needs to help HMD Global. The success of Nokia Android phones raises brand awareness for Nokia health monitoring gadgets.


I am disappointed that Nokia (NOK) still trades below $6.50. Very few investors seem to appreciate that Nokia recently took an upfront payment of $2 billion from Apple (AAPL). Nokia therefore has lots of cash to improve its connected health monitoring devices and apps business. Nokia’s stock should appreciate higher after its health-related consumer electronics starts generating enough revenue to help the cyclical network equipment business.

Apple kept its promise that it will again sell Nokia-branded products inside its retail and online stores. Apple is a master of retail sales. It can help improve Nokia’s chances to benefit from the growing health-related Internet of Things industry.

nokia stock prediction

(Source: Apple) 

Nokia has obvious long-term benefits to gain from joining the connected health industry. The Internet of Things healthcare market is expected to grow to a $160 billion industry by 2020. The $179.95 Nokia Body Cardio Scale is just one of Nokia’s bets toward making it big in this fast-growing industry. Bet on NOK like it is a start-up focusing on Internet of Things devices and services.

nokia stock prediction


Nokia needs to sell connected health monitoring devices so people and their doctors can securely communicate and share data via its own Nokia Digital Health cloud ecosystem. Nokia can also build the cloud platforms for other companies engaged in digital healthcare.

Going forward, I expect Nokia to build the infrastructure requirements that will be the network backbone of Apple’s HealthKit.


Amazon Is Also Helping Nokia’s Digital Healthcare Initiative 

American’s number one e-commerce company, Amazon is also helping Nokia sell its connected health monitoring devices. Unlike Apple, Amazon allowed Nokia to sell its health-monitoring smartwatch on its online store. The Nokia Steel smartwatch is important to the Finnish company’s future in Internet of Things devices.

Gartner estimates that more than 41 million smartwatches will be sold this year, and it will double up by 2021. Out of the estimated $30.5 billion that wearables will generate in revenue this year, $9.3 billion will come from smartwatches. Amazon could help Nokia capture 1% to 5% of the smartwatch market, which could help build a base of customers for Nokia’s Digital Health cloud platform.

nokia stock prediction

Why Nokia Needs HMD Global’s Smartphones. 

The commercial success of Nokia’s digital health platform and connected health monitoring devices lies largely on how fast it can revive its brand power. After its failure as a vendor of Windows Phone Mobile smartphones, Nokia’s brand has been tarnished. Gaining the trust of customers to buy its digital weighing scales and BP monitoring devices require building up the Nokia brand.

This could be done through HMD Global attracting enough people to buy its Nokia Android smartphones. A successful commercial comeback in smartphones could lead to people also purchasing Nokia connected health monitoring gadgets. Nokia is a greenhorn in medical-related electronic products. Apple, Samsung (SSNLF), FitBit (FIT), are the famous brands when it comes to health monitoring watches/gadgets.

Amazon has chosen to sell subsidized Nokia 6 smartphones for its more than 80 million Prime subscribers.  I look forward to Amazon also selling subsided newer Nokia handsets like the flagship Nokia 8. HMD Global plans to start selling the Nokia 8 this month. The phone exclusive program of Amazon Prime still doesn’t have a flagship phone that could cater to discerning Prime subscribers.

Perhaps Amazon can attract more buyers of its subsidized Android phones (which have lockscreen ads) by offering a high-end handset like the Nokia 8. The “bothie” Dual-Sight photo/video live recording/streaming makes the Nokia 8 a unique product. YouTube Vloggers will love the bothie feature which let them simultaneously use the front and rear cameras of the Nokia 8 to take photos and/or record up to 4K videos.

nokia stock prediction

(Source: Nokia)



The market malaise over NOK should not linger until the end of 2017. Nokia’s future in digital healthcare products and services is healthy. Nokia has the money and resources to be competitive in the $160 billion digital healthcare industry. It can supply the cloud network equipment and the consumer gadgets to build an all-in-one solution for connected health. Nokia’s global empire made it the no.15 company with the best logistics/supply chain network.

Apple and Amazon are worthy allies who can help revive Nokia’s brand as a trusted source for digital health smart devices. Nokia could also become an infrastructure builder for Apple and Amazon’s cloud-based digital health platforms. Nokia also has $2 billion of cash from Apple that it can use to acquire more companies to fortify its digital healthcare strategy.

I remain long NOK. I Know First has a positive one-year algorithmic market trend forecast for Nokia. I am therefore still optimistic about this stock.

nokia stock prediction

Past I Know First Forecast Success with NOK

I Know First has been bullish on Nokia’s shares in past forecasts. On March 26th, 2017, an I Know First Analyst wrote an article about why you should go long with the Finnish company. In the article, it is stated that the company’s stock was likely to rise because Nokia announced that their Android cellphones Nokia 3, Nokia 5 and Nokia 6 would sell in the United States. In addition, the author specified that Nokia would take advantage of their relationship with carriers to further increase sales. Since then, Nokia’s shares have risen 13.59% in line with the I Know First algorithm’s forecast. See chart below.

(Source: Google Finance: NOK)

This bullish forecast for NOK was sent to I Know First subscribers on on March 26th, 2017. To subscribe today click here.

I Know First Algorithm Heatmap Explanation

The sign of the signal tells in which direction the asset price is expected to go (positive = to go up = Long, negative = to drop = Short position), the signal strength is related to the magnitude of the expected return and is used for ranking purposes of the investment opportunities.

Predictability is the actual fitness function being optimized every day, and can be simplified explained as the correlation based quality measure of the signal. This is a unique indicator of the I Know First algorithm. This allows users to separate and focus on the most predictable assets according to the algorithm. Ranging between -1 and 1, one should focus on predictability levels significantly above 0 in order to fill confident about/trust the signal.

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