In 1976, when I first encountered Nokia in Finland it was a company selling cattle fence flashers and did odd electrical equipment contract jobs, mostly in the then USSR. Jorma Ollila was a manager in a bank through who I used to open LCs to import Kone monitors and chemical analyzers for my business. Then Nokia got an order from the USSR to make a portable wireless set. This was the beginning. It then made a series of improved devices and supplied the telemetry units for the patient monitors we were importing to India. In the it began its great foray into mobile handsets. In 2007, Nokia accounted for more than 40% of mobile phone sales worldwide. But consumers’ preferences were already shifting towards touchscreen smartphones. With the introduction of Apple’s iPhone in the middle of that year, Nokia’s market share shrank rapidly and revenue plummeted. By the end of 2013, Nokia had sold its phone business to Microsoft. Now the Nokia phones factory is on the verge of a shut down. Not before its difficult labor unions forced the management to its knees. The labor record is so bad, that others are too scared to offer it contract manufacturing jobs. Companies like Micromax prefer to import complete handsets from China. Last year India imported Rs.36000 crores worth of mobile phones from China. Read more at: livemint/Industry/xr2wqQEHUilq2CHBIzozPO/Who-killed-the-Nokia-phone.html?utm_source=copy
Posted on: Sun, 19 Oct 2014 10:47:59 +0000
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