Business & startups
Nokia's fall from the top of the world
12 min
Nokia sold more phones than anyone on Earth, then lost it all within a few years. Examine how the dominant player misread the smartphone shift and how quickly a seemingly unassailable lead can evaporate.
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Show notes
Nokia dominated the two thousand seven market with nearly fifty percent of all smartphone sales.
Managing fifty-seven incompatible versions of the Symbian operating system discouraged developers from building apps.
A culture of fear led middle managers to hide technical failures from Nokia executives.
The burning platform memo caused a sales collapse by prematurely announcing the end of Symbian.
Nokia's smartphone market share plummeted from thirty-four percent to three percent in just three years.
Microsoft eventually acquired Nokia's handset business for five point four billion euros.
In this episode
- 1Intro1 min
- 2The Peak of the Finnish Empire2 min
- 3The Software Blind Spot3 min
- 4The Matrix and the Culture of Fear3 min
- 5The Burning Platform and the End2 min
- 6Outro1 min
Sources
- The Strategic Decisions That Caused Nokia’s Failure | INSEAD Knowledge
- Why Nokia Missed the Smartphone Shift
- Nokia: The rise and fall of a mobile giant - BBC News
- Case Study 4: The Collapse of Nokia’s Mobile Phone Business: Wisdom and
- Why Nokia missed the smartphone shift - CNBC
- Everyone Thinks the iPhone Killed Nokia. They're Wrong! - The Innovation Show
- Nokia's Smartphone Collapse: The Strategy Behind the Fall
- Nokia’s Fall: How the Mobile Giant Lost Everything - Startupik | Startup magazine
- What Happened to Nokia? The Complete Story | WhatHappen.ai
- Nokia’s Ghost: The Fall of the Mobile Monopoly.
- Who Killed Nokia? Nokia Did | INSEAD Knowledge
- The curse of agility: The Nokia Corporation and the loss of market dominance in mobile phones, 2003–2013
- The Nokia Story: From Dominance to Disruption | INSEAD Publishing
- Nokia and Apple: What’s market power got to do with it?
- Nokia 2007 Annual Report Download
- The curse of agility: The Nokia Corporation and the loss of market dominance in mobile phones, 2003–2013
- Nokia shares - dead money or dead cheap? | Reuters
- TheCurseofAgility:TheNokiaCorporationandtheLossofMarketDominanceinMobilePhones,2003–2013Author biographies:
- Nokia Phones: From a Total Success to a Total Fiasco
- What Could Have Saved Nokia, and What Can Other Companies Learn?
- Distributed Attention and Shared Emotions in the Innovation Process: How Nokia Lost the Smartphone Battle - Aalto University's research portal
- Technological innovation, industry platforms or financialization? A comparative institutional perspective on Nokia, Apple, and Samsung
- Nokia had to weed out a culture of fear to embrace a future without smart phones, in-depth interview study reveals | Aalto University
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