Taiwan’s HTC has overtaken Nokia in terms of market value, highlighting a changing of the guard in the mobile phone industry as a raft of new entrants have challenged the Finnish company’s dominance of the sector.

台湾宏达电(HTC)的市场价值已经超过芬兰的诺基亚(Nokia)，凸显出在大批新进入者挑战诺基亚主导地位之际，手机行业正在上演“换岗”。

Also, credit rating agency Moody’s on Thursday cut Nokia from A2 to A3, citing its weakening market position and uncertainty over its transition to Microsoft’s Windows Phone software.

此外，信用评级公司穆迪(Moody’s)周四将诺基亚的评级从A2下调至A3，理由是其市场地位下降，以及该公司改用微软(Microsoft)的Windows Phone软件前景未卜。

HTC shares were unchanged on Thursday after rising 5.3 per cent to T$1200 on Wednesday, valuing it at US$33.8bn. Shares in Nokia were up 1 per cent on Wednesday, giving it a market value of US$33.4bn.

HTC股价周四持平。此前，该股周三上涨5.3%，至1200元新台币，市值达到338亿美元。诺基亚股价周三上涨1%，市值为334亿美元。

HTC has now become the world’s third most valuable smartphone maker, and bigger on that measure than either Sony or LG Electronics, according to Thomson Reuters.

根据汤森路透(Thomson Reuters)的数据，HTC如今已成为全球价值位居第三的智能手机生产商，按这个尺度衡量已超过索尼(Sony)和LG电子(LG Electronics)。

It is still smaller than Apple and Samsung Electronics, although unlike those two companies, the smartphone is the Taiwanese company’s sole business.

HTC仍排在苹果(Apple)和三星电子(Samsung Electronics)之后。不过和这两家公司不同，智能手机是HTC唯一的业务。

HTC is also the only smartphone maker, besides Apple, whose shares have risen this year. Its shares have risen by a third, while Nokia’s have fallen by a fifth over the same period.

除了苹果之外，HTC还是今年唯一一家股价上涨的智能手机生产商，其股价已上涨了三分之一，而诺基亚的股价同期则下跌了五分之一。

Nokia remains the world’s biggest producer of mobile devices by volume, with a 28.9 per cent global market share at the end of last year, according to Gartner.

据Gartner的数据，以产量计，诺基亚仍是全球最大的移动设备生产商，去年年底占据了全球市场28.9%的份额。

HTC’s rapid rise reflects the speed with which touchscreen-based smartphones have become a mass-market product in Europe and the US. While growth is expected to slow this year compared with last, the global smartphone market is still expected to increase by 50 per cent, according to IDC.

HTC的快速崛起，反映了触摸屏智能手机在欧美成为大众市场产品的速度。据IDC预测，虽然今年的增长速度将低于去年，但全球智能手机市场仍有望增长50%。