Windows Phone, Nokia’s Rescue?
I recently read an article about Nokia’s loss of market capitalization in the latest 5 years. We all know this Finnish company (now American, though) as the mobile giant. My generation grew up with a Nokia 3310 in our hands and pockets.
Nokia’s shares has seen a drop by 90 percent in five years, their market capitalization has dropped from $151 billion to $11.8 billion, in just four years. To compare, Microsoft have been steady and Apple have been untroubled by the economic blip as Apple saw its worth rise five-fold.
RIM’s (Research in Motion, the makers of BlackBerry) downfall has been quicker than Nokia have lost more shares and market capitalization.
Last year, Nokia and Microsoft cooperated on a new project, Microsoft delivering the software Windows Phone and Nokia with the acclaimed Lumia series. This collaboration boosted Nokia on the smartphone front.
In the long view I hope that Nokia will continue to innovate along with Microsoft. I hope that the companies creating mobile phones will see the beauty in Windows Phone as mobile operating system rather than Android and start using Windows Phone more, so we can see it running on more than just 3-4 phones.
I am looking forward to Lumia 900’s launch in Denmark.