No company is too big to fail from all the companies, Nokia must know it all too well from selling half a billion phones in a single layer to go on the bus. Nokia’s collapse following the Apple iPhone revolution is a classic case study but could Nokia going to fall yet again in 5G race?
Now it has an opportunity to redeem itself with 5G technology. But it’s losing that race too with an acquisition gone wrong and lack of vision at the top Nokia could fall for a second time.
In Paris hundreds of Nokia’s employees have risen up in protest they’re holding up t-shirts that read kovat spare me but Nokia wants to kill me. CEO Rotisserie is a special target a placard with his photo says sorry you’re fired.
Nokia plans to cut over 1,200 jobs at its French subsidiary Alcatel-lucent. Most of the layoffs will be carried out in the research and development division. The unions are shocked that Nokia is doing this now at a time when R&D is needed the most to catch up with WA and Ericsson.
Nokia’s two strongest competitors in the 5G race yet again history is repeating itself lack of mission push.
- Out of the cell phone business now the telecom network business is coming to the rails.
- Has faced problems with Alcatel Lucent since acquiring it for 18 billion dollars in 2016.
- On paper, it was a good deal in practice. But it was complicated several overlapping operations and products had to be shed off costs had to be cut this distracted. Nokia in the 5G race it stopped innovating now it’s losing.
Huawei leads with 91 5G bargains. Ericsson sits in runner up with 81 arrangements. Nokia is a far off third with 67 arrangements on the budgetary front.
- Nokia has been spilling cash since the Alcatel-lucent acquisition. Also due to poor investments and inexpensive products by Ericsson is turning more profitable
- Huawei it’s dominating despite security concerns. But On the other hand, Nokia is losing its way it’s eerily similar to how its cell phone business collapsed in 2007.
- Global mobile phone sales crossed the 1 billion mark for the first time. Nokia sold one out of two mobile phones that year. Which implies a large portion of a billion cell phones.
- The Nokia 1100 had become the world’s biggest-selling cell phone over 1.2 billion units sold since its dispatch in 2003 Forbes.
- Forbes asked the perfect question when it made Nokia its cover story. For one of the issues Nokia one billion customers can anyone catch the cell phone king???
- The answer to that question came that very year. When Steve Jobs showcased the first Apple iPhone in 2007.
- Within two years Nokia’s button phones were out of style. Apple iPhone too fine touchscreen made a huge difference.
- Nokia’s offer cost dove under ten dollars an extremely steep tumble from $40 per share at its top in 2007.
- By 2013 Apple iPhone sales were five times that of Nokia’s. Which is unfit to embrace development and contend with Apple.
- Nokia offered its cell phone business to Microsoft.
- Nokia’s fall turned into a contextual investigation at business colleges.
- Instructed to young wannabe executives as a cautionary tale. There were two reasons that led to Nokia’s collapse.
a. Inferior Technology due to lack of innovation.
b. Lack of Vision among top-level managers.
Nokia is doing the same mistake in the 5G race. That is why CEO Rajeev Suri may be replaced by Pekka loon mark if the new CEO can beat Huawei and Ericsson. Given Nokia’s present circumstance it will be one of the best business accounts ever otherwise Nokia going to fall yet again in 5G race.