Wednesday, December 26, 2018

Why Nokia Failed – The Business Failure Story

Why Nokia Failed – The Business Failure Story



First smartphone in 1996-Internet-enabled phone as the 1990s ended- A prototype of a touchscreen. A Revolution!

Nokia ruled the phone market for the longest time. They were the world’s largest cellphone makers in 1998. Nokia overtook Motorola when no one even expected. Even better, Nokia enjoyed a good 40% share of the market.

Even more strikingly, Nokia was hardly a technological laggard—on the contrary; it came up with its first smartphone back in 1996, and built a prototype of a touch-screen, Internet-enabled phone at the end of the nineties.

This Article is Originally Posted on The Failure Story - Failure Stories of Successful People. Read This Complete Article to know Why Nokia Failed – Nokia BusinessFailure Story.

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