Skip to main content

Inspirational Story Of Nokia, The Rise & Fall Of This Former Giant


Hello friends today I am going to discuss about a popular mobile phone brand and also the first brand used by many of the people - Nokia. Usually, after the establishment of Apple and Samsung in the market, we rarely see Nokia phones these days. Those days Nokia was so famous that it was the other name for mobile phones. The hardware of Nokia was termed to be very durable. And as it was the very first mobile phone for most of the people, it was somewhere attached with the emotions of the people. No matter for how many years it ruled the market, till now people have the same amount of trust on the brand. So let's know about the success story of Nokia from the beginning.

Also Read
Success Story Of Indian Ambassador Car 
How Uber Became Successful 
Rolls Royace, Success Story 

The journey of Nokia began with Fredrick Idestam in 1865 not as a mobile company but a paper mill. In 1871, Fredrick opened a new company and named it Nokia AB. Actually, Nokia is the name of a river in Finland. In 1922, Nokia was divided into two categories - Finnish Rubber works and Finnish Cable works. In 1967, the company was registered as Nokia Corporation which had 4 categories then - Forestry, Cables, Rubber and Electronics. In 1970, Networking and Radio industry came into Nokia company. 

Gradually, Nokia reached till Russia. And then between 1880-90, Nokia had acquired 3 more companies named Salora, Luxor AB and Oceanic. After that Nokia became the third biggest manufacturer of television. The company made many televisions and mini computers.

However, it also tried to bring a revolution in the field of mobile phones. And in 1982, acquiring the mobile company Mobira, it. launched its first mobile phone which was named Mobira Senator. In 1987, Nokia launched its first portable mobile phone. In 1990, Nokia established the first GSM network ever which was first used by the Prime Minister of Finland. And here, it got most of its popularity. Then, it launched a commercial mobile phone 1011 and by 1998, Nokia overtook the market of Motorola and became a best seller. Later, Nokia launched its first mobile phone with camera. And then it kept launching many phones with cameras and other features. 



However, with the growth of Apple and Samsung, Nokia saw the start of its bad days. It is well said that ego never lasts. When Samsung was busy in inventing new technologies and investing huge amounts in R&D, Nokia did't even try to strategize against it. That cost them and Samsung took all most the crown from Nokia. It suffered huge loss even after launching Nokia 800 in a collaboration with Microsoft Windows. After that, Nokia is rarely seen in the hands of the people today. 

That's all for today.
Keep reading.

Comments

Popular posts from this blog

Success Story Of Colgate, One Of The Bestselling Toothpaste Brand

Success Story Of Colgate, One Of The Bestselling Toothpaste Brand
"It cleans your breath while it cleans your teeth", can you guess whose slogan is this. If you have guessed correct then today I'm going to tell you the success story of one of the best selling toothpaste brands of India i. e. Colgate. It's popularity can be measured by thousands of situations where the term toothpaste is replaced by Colgate in India. Do you know, this brand came into being almost 210 years ago, introduced by Williams Colgate. And initially, this company used to produce soaps, not toothpaste that too in jars and not tubes. So now, let's get back to the beginning of the story. 

Also Read
Success Story Of Haldiram Bujhia
Success Story Of AmulHow Maggie Became Successful?
The founder of Colgate, Willam Colgate was born on 25 Jan 1783 in England. His father was a farmer. 
But later, they shifted to Maryland in the US where his father along with a friend began to make candles and soaps. Unfo…

What is SIP? It's Advantages and Disadvantages

Hello friends, in this post we are going to discuss about SIP, its advantages and most importantly which no one will say you, its disadvantages.



So imagine what we used to do in 90's when we were kids. People had piggybanks but I personally had a small box where I used to put coins whenever I get money. There was a lot of emotions behind that and specially I used to fight whenever anyone touched my box. Imagine how our grand parents were saving money. The -most common sources were
Fixed Deposits(FD)Recurring Deposits(RD)If I will explain the true meaning of SIP then it will be similar to Recurring Deposits. SIP is modern era's RD. So what does SIP do? In SIP a professional invest money in capital markets on behalf of his/her clients. It's as simple as that. It's as simple as planting a small tree. It is as simple as taking care of your small baby.

Advantages of SIP:-


Safe From Market Fluctuation - One of the most important and remarkable advantage of SIP is, it saves yo…

Inspirational Story Of SONY, The Japanease Giant

Hello friends, today I'm going to discuss one of the most popular Japanese Multinational Corporations - Sony. It is such a famous company that people blindly believe its products by its name. And why not? There is hardly any product that would dissatisfy the customers. When it comes to the sound system, Sony stands out of the crowd. 

Also Read
Successful Story Of BMW
Success Story Of Rolls Royace
Success Story Of Jaguar
According to 2016, Sony is the fifth largest television manufacturing company in the world. The whole world of Sony is divided into various groups like Sony pictures, Sony finance services, Sony Mobile etc. Now let's get to know the success story of Sony from the beginning.

The story started with the World War when Ibuka and Morita two men were following their dreams. Ibuka was running a radio repair shop in Tokyo when he met Morita, 13 yrs younger to Ibuka. Then, both of them decided to start a business. And then taking a loan of 500 dollars, they started Tokyo Tele…