Nokia has sold its handset division to Microsoft for USD 5,6 billion. That is already old news, but what happened to the Finnish mobile phone maker that dominated the market in the 1990s with its reliable and easy-to-use handsets?
The most general view on the fall of Nokia, the company of Finland’s pride, is that it missed a series of fashion and technical changes and was gradually overtaken by other companies. When the smart phones invaded the market they were late to the 3G and so on.
Bloomberg Business Week suggests that Nokia particularly in Asia has suffered a brutal fall, where the smartphone is growing fast to be public property.
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