Why did Nokia fail?

This article presents one of Nokia's reasons for failure and what you can learn to improve your leadership.

A concise timeline of Nokia’s important moments:

  • In October 1998, Nokia became the best-selling mobile phone brand in the world
  • Nokia's operating profit went from $1 billion in 1995 to almost $4 billion by 1999
  • The best-selling mobile phone of all time, the Nokia 1100, was created in 2003
  • In 2007, Apple introduced the iPhone
  • By the end of 2007, half of all smartphones sold in the world were Nokias, while Apple’s iPhone had a mere 5 pe...





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