Why Nokia Lost the Phone It Invented

At the end of 2007, four out of every ten phones sold on Earth were Nokias. Six years later it sold its phone business to Microsoft for a small fraction of its peak value. This is how the king of mobile phones lost the smartphone era, and how it survived anyway. Watch next Kodak Invented the Digital Camera, Then Buried It:    • Kodak Invented the Digital Camera, Then Bu...   Blockbuster Had the Chance to Buy Netflix for $50M:    • Blockbuster Had the Chance to Buy Netflix ...   Chapters 0:00 Intro 0:41 Paper, Rubber and Cable 1:33 The Big Bet 2:37 The King 4:16 The Crack 6:09 The Burning Platform 7:58 The Sale 8:29 What Came Next 9:40 The lesson Sources Nokia annual reports and Form 20-F filings, 2007-2014 Microsoft press release, Sept. 3, 2013: Microsoft to acquire Nokia's Devices & Services business Gartner worldwide mobile phone and smartphone sales reports, 2000-2013 (chart data) Stephen Elop, "burning platform" memo to Nokia staff, February 2011 (as published by Engadget) Risto Siilasmaa, Transforming Nokia (McGraw-Hill, 2018) Footage and photos Stock video from Pexels (Pexels License). Photos from Wikimedia Commons under the licenses listed; photos may be cropped and color-graded. Pexels videos by: Parth Patel, Nova lv, Diego Castro Calderon, William Martin, Usman AbdulrasheedGambo, willy one, Vlada Karpovich, Josh Tavernier | iCapture Media Digital Marketing Agency, Hamim Rony, RDNE Stock project, Dima Krivoy, Alexander Wark Feeney, Altaf Shah, Tima Miroshnichenko, K, Aleksei Pribõlovski, Victor Rogov, cottonbro studio, William Chen, Ron Lach, Jakub Zerdzicki, Murilo Castro Photo: Santeri Viinamäki, CC BY-SA 4.0, https://commons.wikimedia.org/?curid=... Photo: Liftarn, CC BY-SA 3.0, https://commons.wikimedia.org/?curid=... Photo: Scan-Foto, CC BY 4.0, https://commons.wikimedia.org/?curid=... Photo: Soppakanuuna, CC BY-SA 3.0, https://commons.wikimedia.org/?curid=... Photo: Art Replik, Public domain, https://commons.wikimedia.org/?curid=... Photo: Warszawska róg Szerokiej w Tomaszowie Mazowieckim, w województwie łódzkim, CC0, https://commons.wikimedia.org/?curid=... Photo: Asim18, CC BY-SA 3.0, https://commons.wikimedia.org/?curid=... Photo: Andrew from London, UK, CC BY-SA 2.0, https://commons.wikimedia.org/?curid=... Photo: Jupter-manzana, CC BY-SA 3.0, https://commons.wikimedia.org/?curid=... Photo: Marcus Sümnick, CC BY 3.0, https://commons.wikimedia.org/?curid=... Photo: luca.sartoni, CC BY-SA 2.0, https://commons.wikimedia.org/?curid=... Photo: Petar Milošević, CC BY 4.0, https://commons.wikimedia.org/?curid=... Photo: N i c o l a, CC BY 2.0, https://commons.wikimedia.org/?curid=... Photo: Atomic Taco, CC BY-SA 2.0, https://commons.wikimedia.org/?curid=... Photo: Villeke, CC BY-SA 3.0, https://commons.wikimedia.org/?curid=... Photo: Evan-Amos, Public domain, https://commons.wikimedia.org/?curid=... Photo: zache, CC BY-SA 3.0, https://commons.wikimedia.org/?curid=... Photo: derivative work: MBisanz talk Bell_Labs_Holmdel,_The_Oval2.png: *derivative work, CC BY-SA 2.0, https://commons.wikimedia.org/?curid=... Photo: Pixabay user bijutoha, CC0, https://commons.wikimedia.org/?curid=... Narration is an AI-generated voice from an original, researched script. Ledger Lines tells the stories behind the balance sheet, every week. #Nokia #business #economics