What happened to famous Nokia Company?

3 min read Nokia was once one of the most recognizable and successful mobile phone companies in the world. Founded in 1865, the Finnish company was a leader in the telecommunications industry for decades, dominating the mobile phone market in the early 2000s. But in recent years, Nokia has been struggling to stay afloat. October 26, 2023 13:19 Nokia was once one of the most recognizable and successful mobile phone companies in the world. Founded in 1865, the Finnish company was a leader in the telecommunications industry for decades, dominating the mobile phone market in the early 2000s. But in recent years, Nokia has been struggling to stay afloat.

The company's downfall began in 2007, when Apple released the first iPhone. The iPhone was a revolutionary device that changed the way people interacted with their phones. It was sleek, powerful, and had a wide range of features that Nokia's phones couldn't match. As a result, Nokia's market share began to decline rapidly.

In an effort to stay competitive, Nokia began to focus on developing its own smartphone operating system, Symbian. However, the Symbian platform was not as successful as Nokia had hoped, and the company was unable to keep up with the competition.

In 2011, Nokia announced that it would be partnering with Microsoft to use the Windows Phone operating system on its devices. This move was seen as a last-ditch effort to save the company, but it ultimately failed. Nokia's market share continued to decline, and the company was eventually forced to sell its mobile phone division to Microsoft in 2014.

Since then, Nokia has shifted its focus to other areas, such as network infrastructure and virtual reality. While the company is still a major player in these industries, it is no longer the powerhouse it once was.

Nokia's decline is a cautionary tale for other companies in the tech industry. It serves as a reminder that no matter how successful a company may be, it can quickly become obsolete if it fails to keep up with the competition.