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Nokia was once the most dominant mobile phone maker in the world. Every year, they generated tens of billions in revenue and they were worth hundreds of billions. But, with the release of the iPhone, Nokia disappeared almost overnight or at least, that’s how it may seem. In reality, Nokia was actually doing quite well even in the smartphone industry controlling as much as 33% of the industry. It wasn’t until a CEO named Stephen Elop came into the picture that Nokia fell off the map. Elop insisted on Nokia using Windows Mobile OS instead of Android and he eventually sold Nokia’s phone division to Microsoft when things didn’t work out, leaving Nokia with nothing. It seemed like this was the end of Nokia, but some longterm Nokia employees were able to shift the company’s focus towards the 5G infrastructure market, giving Nokia a 2nd life. This video dives into the rebirth of Nokia and how one CEO destroyed the company while another saved it from bankruptcy.

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Timestamps:
0:00 The Dire State Of Nokia
0:32 Signs Of Weakness
3:44 The Man Who Destroyed Nokia
11:23 A White Knight

Thumbnail Credit:
Gnana Sai Reddy
Vigneshwaran
   • Nokia 3310 old ad remastered | fan made  

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