Hey everyone! Day 6 of knowing about companies that failed in the indian (global) market. Ever wondered how a company, once a dominant force in the industry, can crumble just by refusing to adapt to change?
NOKIA was once the undisputed leader in th
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Anonymous 4
Stealth • 6m
Nokia phones were very dependable
0 replies1 like
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Sanskar
Stealth • 6m
Do you remember Nokia 3310 - the indestructible phone?
Nokia was the king of phones between 1998 to 2011 (14 years) but it has now disappeared from the market.
So what exactly webt wrong with this giant?
In late 2000s there was a shift from featur
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K
Stealth • 7m
•Nokia Technology Strategy 2030: Nokia has identified trends and emerging technologies that will shape technology, networks, and the world for the next seven years.
The key trends influencing Nokia’s Technology Strategy 2030 are AI, cloud continuum
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Mr Z
•
Medial • 5d
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
Re-commerce opportunity with i-phones
Problem- selling used phone is a cumbersome process since dealers give very less value on used phones and sell it at a very high margin.
Soltion- platform to sell used phones were out executive will check the
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Jaswanth Jegan
Stealth • 6m
"Nokia's Iphone Killer helped kill itself "
Billions To Bankruptcy #2
Most Selling Mobile phone to Failure(Nokia)
In 1998, Nokia was the fast selling mobile brands globally.Nokia’s profit was about 4 billion in 1999.
In 2007 Apple came up with iP
Most smartphone makers are using ODMs to make phones
Even Samsung uses ODMs
Most Motorola phones are ODM-based
Many phone makers use ODMs to save costs and produce phones faster so that they can launch them quickly in the market, especially budget