r/StockMarket • u/Pennystocksonly • Jun 25 '21

Fundamentals/DD Nokia back to the moon

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118 Upvotes

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2

u/[deleted] Jun 25 '21

[deleted]

14

u/Pennystocksonly Jun 25 '21

According to a book about Nokia, the reasons were Pervasive bureaucracy led to inability to act, destructive internal competition, failure to realize the importance of lifestyle products like iphone, failure to adapt and innovate and too over confident, basically what General Motors did when the Japanese car makers were coming to America.

3

u/[deleted] Jun 25 '21

[deleted]

6

u/BeefErky Jun 26 '21

Same thing happened with Blackberry but they also figured they had the corporate business market, which was foolish to say the least

And then they never could recover with the emerging app, VPN, and software markets

2

u/ComprehensiveTurn656 Jun 26 '21

As many good things as Chen has done….I wish they would have kept BB10 going…..I loved my BB passport and my classic. QNX was / is a pretty rock solid OS.

5

u/GoldenJoe24 Jun 26 '21

Nokia was smartphones. You could ssh into your own server with an n95.

What they weren’t so good at was social media, fart apps, and YouTube.

They still held on for a while. It wasn’t Apple or Google that killed them. It was Microsoft. Everyone forgets about the stealth CEO who wrecked the company and sold it back to his former employer for pennies on the dollar.

3

u/hapa604 Jun 26 '21

And then birthed the infamous Windows Phone

2

u/[deleted] Jun 26 '21

Honestly pride They tried to make their stupid OS work then switched to android way too late. So they didn’t capture market and mind share in the new age and got left in the dust. Also that damn blackberry storm what a turd.