Its so painful, and as I’m typing this, my handkerchief is drenched with tears because I was once a lover of Nokia phone. My first ever Nokia phone was Nokia 3310. It fell inside hot pepper soup and it was still ringing… long lasting battery life but today Nokia is now history.
During the press conference to announce NOKIA being acquired by Microsoft, Nokia CEO, Stephen Elop ended his speech saying,“we didn’t do anything wrong, but somehow, we lost”. Upon saying that, all his management team, himself included, teared sadly.
Nokia has been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast. Their opponents were too powerful.
They missed out on learning, they missed out on changing, and thus they lost the opportunity at hand to make it big. Not only did they miss the opportunity to earn big money, they lost their chance of survival.
The message of this story is, if you don’t change, you shall be removed from the competition.
Microsoft announced the purchase of
Nokia’s phoneassets in September 2013 — just weeks after Steve Ballmer said he would step down — and finalized the deal in April 2014.
The total purchase price ended up as approximately $7.9 billion, according to an April 2015 filing with the U.S. Securities and Exchange Commission (SEC).
Blackberry is about facing the same situation and I wonder how their tears will be considering the facts that WhatsApp has already given them the deadliest blow to end WhatsApp on All Blackberryphones by 2016 ending.
It’s not wrong if you don’t want to learn new things. However, if your thoughts and mindset cannot catch up with time, you will be eliminated. Nokia is now history… Who is next?
Rest in Peace! Nokia.