How Nokia Didn’t Listen To Itself Mobile Technology News
I really like Om Malik. Here’s a story I fully endorse:
Earlier today Nokia stock hit a 13-year-low. Despite what CEO Stephen Elop says, it is hard to reconcile the falling share price in what is arguably the hottest mobile market. The funny thing is that as a company they shouldn’t have been in this position.
Started as a t expanded imber company, Nokia to produce products including rubber and telephone cables. In 1992, Nokia focused on telecom, and by 1998 it was the largest mobile company in the world. By then the Nokia ringtone seemed as ubiquitous as Coke and Big Macs. In late 1998 it launched Nokia 7111, the first mobile phone with a WAP browser, and, with that, the mobile Internet.
At the time of that launch, in an interview with Business Week magazine, Nokia CEO Jorma Ollila said: continue