Comment by bborud
2 years ago
They didn't lose when the iPhones and Androids came out. They lost when at their peak because they became complacent. It just took a few years to manifest itself. If the leadership had been worth their salaries they would have known with every fiber of their being that Symbian was already dead. Both due to where hardware was going and because of the rather obvious answer to "how do the next 5 billion people get online".
Nokia was "old people in suits". I don't think the company was ever going to be capable of transformation.
Funny how getting acquihired by Microsoft, pocketing $5bn+, and still making the best phones to this date, is considered "losing".
You seem to misremember a few things. MSFT paid $7.2bn. After 3 years Microsoft wrote it off as a loss.
That amount of money is roughly what the top two smart phone manufacturers make in one week of sales. The industry represents a multi trillion dollar combined market cap due to smart phone sales. Then there is all the new businesses it enabled, creating wealth for developers.
Oh yes, Nokia lost. There really isn't any spin one can put on that.
Are you talking about individuals or the organization? I’m sure some employees in management “won” financially, there are very few failed companies where that isn’t the case.