From a top mobile manufacturing giant to a bankrupt company, the journey of Nokia’s success to failure could be summarized just like this.
A few years back, Nokia was a big name in the smartphone industry. The smartphone industry changed very fast and they missed out on embracing the new technology, and thus they lost and couldn’t survive.
The last emotional speech of the Nokia CEO abridged the turbulence in today’s marketplace where the chances of failure are much more if you do not innovate and move along with the industry.
What was the end of the road to Nokia?
Nokia, as we know, was rooted in the industry and since then it’s trying to make a return. Nokia understands that it’s not possible to change the past, but they can make a comeback that nobody expected from them and they can make it big.
Now, as their deal with Microsoft is over, Nokia is working towards launching mobile phones under their flagship. Even they recently sold all stock of Nokia 6 smart-phone in less than a minute. Nokia knows that in today’s marketplace it’s only winning that matters and everything else is a part of the excuse. Also, the biggest recognition for true champions has always come from their return at times of adversity.
Nokia can take advantage of its strong and diversified patent portfolio and bring innovative products to the market.
About TTC
We’ve constantly identified the value of new technology carried out by our pretty skilled executive crew with backgrounds as our professionals. Like the IP professionals we empower, our starvation for development is never-ending. We IMPROVISE, ADAPT, and IMPLEMENT in a strategic manner.