What Really Killed Nokia? From Paper Mill to Phone King

In 2007, 4 in 10 phones sold on Earth were Nokias. Six years later, Nokia sold its phone business for less than 2% of its peak value. How does a paper mill become the world's biggest phone maker, and then lose it all? Chapters: 0:00 Cold open 0:50 How did a paper mill become a phone company? 2:28 How did Nokia almost die? 3:51 How did Nokia take over the world? 5:42 Did Nokia see the iPhone coming? 7:13 What was the burning platform? 8:38 So is Nokia dead? 9:21 The lesson What was your first phone? Tell me in the comments. New stories every Tuesday and Thursday. Subscribe:    / @theorytofacttv   Sources: Gartner via TechCrunch (2007 market share): https://techcrunch.com/2008/02/27/ove... Ericsson history archive (1991 talks): https://www.ericsson.com/en/about-us/... Nokia, The human story of GSM: https://www.nokia.com/thought-leaders... Nokia 2004 prototype (WSJ report): https://venturebeat.com/business/noki... Microsoft deal close (2014): https://thenextweb.com/news/microsoft... Voiceover is AI-generated. Photo credits (all via Wikimedia Commons): Nokia 3310: Multicherry, CC BY-SA 4.0 Nokia headquarters in Espoo: Villeke, CC BY-SA 3.0 Nokia N95: Nokia65, CC BY-SA 4.0 Nokia Communicator 9000: textlad, CC BY 2.0 Tampere groundwood mill 1870s: Karl Ekman, public domain Tammerkoski, Tampere: Mikkoau, CC BY-SA 4.0 Fredrik Idestam: Gösta Florman, public domain Nokianvirta: kallerna, CC BY-SA 4.0 Nokia advertisement, Helsinki 1936: Hugo Sundström, CC BY 4.0 Nokian rubber boots: Santeri Viinamäki, CC BY-SA 4.0 Suomen Kaapelitehdas 1921: Artur Faltin, CC BY 4.0 Mobira Talkman: Liftarn, CC BY-SA 3.0 Mobira Cityman 450: Jamshid Nurkulov, CC BY 4.0 Mikhail Gorbachev 1987: public domain Kari Kairamo 1976: Kuvasiskot, CC BY 4.0 Moscow Kremlin: Diego Delso, CC BY-SA 4.0 Helsinki skyline: William John Gauthier, CC BY-SA 2.0 Ericsson Kista: Alexandar Vujadinovic, CC BY-SA 4.0 Jorma Ollila 2013: Soppakanuuna, CC BY-SA 3.0 Harri Holkeri 1981: Kuvasiskot, CC BY 4.0 Nokia GSM base stations: Antti Leppänen, CC BY 4.0 Nokia 1011: Jkbw, CC BY 3.0 Nokia 2110i: Mustaraamattu, CC BY-SA 3.0 Nokia 1100: Georgy90, CC BY-SA 3.0 Steve Jobs presents iPhone: Blake Patterson, CC BY 2.0 First iPhone, Macworld 2007: ArnoldReinhold, CC BY-SA 4.0 S60 phones: James Nash, CC BY-SA 2.0 HTC Dream: Marcus Sümnick, CC BY 3.0 Stephen Elop: Maurizio Pesce, CC BY 2.0 Nokia Lumia 920: SoloveiYegor, CC BY-SA 3.0 Nokia N9: zache, CC BY-SA 3.0 Samsung Galaxy S III: Raimond Spekking, CC BY-SA 4.0 Microsoft West Campus: Jelson25, public domain Nokia Bell Labs: Ckaack, CC BY-SA 4.0 Full Moon: Gregory H. Revera, CC BY-SA 3.0 IM-2 Athena: NASA/GSFC/Arizona State University, public domain Nokia 3310 (2017): Mezőőr, CC BY-SA 4.0 #TheoryToFact #Nokia #Explained #story