“In 2008, a journalist in Finland wrote a letter to Nokia complaining that its smartphones were difficult to use, prompting a confidential response acknowledging desperate efforts to catch up with Apple’s new iPhone,” Daniel Eran Dilger reports for AppleInsider.
“One year later Nokia announced MeeGo, and the following year it made plans to shift to Windows Phone,” Dilger reports. “The company is now being sold off for scrap.”
“Seven years earlier at the debut of Apple’s iPhone, Nokia’s market cap valued the company in excess of $116 billion, roughly equal to Apple itself. In 2000, before smartphones had gained any traction, Nokia had a peak valuation of $222 billion,” Dilger reports. “Today, Apple’s market capitalization is nearly $400 billion.”
Much more in the full article here.
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Nokia CEO Elop: We’re standing on a burning platform – February 8, 2011