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Vishu Bheda
•

Medial • 7m

In 2000, Nokia ruled the world—selling 7 phones every second and owning 70% of the market. But a decade later, it collapsed completely. How did the king of mobile phones fall so fast ? The rise and fall of Nokia, explained: Nokia started in 1865 as a paper company. Nokia became the top mobile phone maker by the 1990s, with iconic models like the Nokia 3310. But things changed when Apple launched the iPhone in 2007 and Android arrived in 2008. Nokia didn’t take the competition seriously, focused too much on hardware, and faced delays due to internal conflicts. It switched to Microsoft’s Windows Phone in 2011, but the lack of apps led to failure. By 2013, Microsoft bought Nokia’s mobile division. The key lesson? Businesses must adapt quickly, work as a team, and keep innovating. Nokia’s story shows that past success doesn’t guarantee future survival. Follow Mr Z for more amazing business stories!

7 Replies

Replies (7)

Anonymous 2

Hey I am on Medial • 7m

Nokia: A case study in missed opportunities.

Anonymous 1

Hey I am on Medial • 7m

Focus on user experience, not just hardware.

VisionaryHub

Inspiring Tomorrow’s... • 7m

Resting on success is a recipe for failure.

Sonu Choudhary

Be knowledge full fo... • 7m

nokia didn't understand the preference of customers and changing technology.a big wrong decision is most important cause

ADITYA JOLLY

Follow excellence, n... • 7m

Change or Fail

Anonymous 4

Hey I am on Medial • 7m

customers needs increase with time , so you need to change

Anonymous 3

Hey I am on Medial • 7m

Adopt or die.

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