Home / Channel / Nokia has lost 90% of its market value – is this the end?

Nokia has lost 90% of its market value – is this the end?

Its has been a tough couple of years for Research In Motion and Nokia. Both companies have been struggling in the face of competition from Apple and Android powered devices.

A handful of years ago Nokia were one of the world's biggest phone makers. Since then they have lost 90% of their market value. In the last five years Apple have been riding high with growing sales of their iPhone. In an attempt to restructure and streamline the floundering business model they announced that they were firing another 10,000 employees.

The Nokia operating system is long dead, and they have placed their future success in a partnership with Microsoft driving the operating software.

Sadly, the latest reports show that Microsoft phones are not selling well. We have covered this many times in the last year, but what is concerning is that Nokia are ‘betting the farm‘ on Windows Phone. If Microsoft can't get market share we could well see Nokia fading into the annals of history.

Yahoo Finance add “Because Microsoft (MSFT) and Nokia are now in bed together, moreover, Nokia's problems have become Microsoft's problems. Microsoft is desperate to regain some of the ground it has lost to Apple and Google in smartphones. But its one major global partner, Nokia, is now drowning. So that puts Microsoft back at square one again.”

Microsoft announced last week that they are making their own integrated tablet, to go head to head against partners who will also be using the Microsoft operating system. Many analysts suggest that they don't want to rely on Nokia to produce a winning tablet for them.

Kitguru says: Are Nokia doomed?

Become a Patron!

Check Also

Montech HyperFlow Silent 360 AIO Cooler – UPDATE 16 March 25

As some of you may have seen, this week we published a review of the Montech HyperFlow Silent 360 AIO cooler, both on the KitGuru website and our YouTube channel. In this review we explained that the HyperFlow Silent 360 AIO cooler has some issues in regards to the new AMD mounting system that Montech adopted...

We've noticed that you are using an ad blocker.

Thank you for visiting KitGuru. Our news and reviews teams work hard to bring you the latest stories and finest, in-depth analysis.

We want to be as informative as possible – and to help our readers make the best buying decisions. The mechanism we use to run our business and pay some of the best journalists in the world, is advertising.

If you want to support KitGuru, then please add www.kitguru.net to your ad blocking whitelist or disable your adblocking software. It really makes a difference and allows us to continue creating the kind of content you really want to read.

It is important you know that we don’t run pop ups, pop unders, audio ads, code tracking ads or anything else that would interfere with the KitGuru experience. Adblockers can actually block some of our free content, such as galleries!