Nokia, which once plummeted, actually has a very fulfilling life!

Once upon a time, Nokia was one of the most well-known mobile phone brands in the world. In 2007, after Apple released its first iPhone, it began to rise, followed by the rise of brands such as Samsung and Xiaomi, and Nokia gradually lost its leading position in the mobile phone market. However, Nokia chose to transform and achieved new achievements in the field of network devices. Nowadays, Nokia is not far from our lives and has become a leader in the global field of network devices.

The Rise and Fall of Nokia

Nokia Corporation was founded in 1965, specializing in the timber business. In 1979, Nokia expanded its business to cable manufacturing due to inheriting some of the cable businesses of Ulos Huhner. With the expansion of the industry, Nokia launched its first mobile phone in 1987 and quickly gained global market share in the following years. From then on, Nokia became one of the world's largest mobile phone manufacturers and was once a national treasure brand in Finland, deeply loved by global consumers.

However, due to the increasing competitive pressure brought about by the gradual rise of smartphones, Nokia laid off 4000 and 17000 employees in 2007 and 2008, respectively. But Nokia, with its vast organizational structure and numerous business segments, quickly recovered. In 2011, Nokia collaborated with Microsoft to launch the Lumia series of Windows Phone smartphones, but the series failed to defeat competitors such as Apple and Android platforms. Against this backdrop, Nokia sold its mobile and tablet business to Microsoft in 2014, exiting the mobile business.

However, Nokia does not have its technological innovation path. In the next few years, Nokia focused on the Network domain and was committed to manufacturing 5G communication devices. Iconic products include AirScale base stations that meet 5G standards, network operation software NuageNetworks that can be adjusted independently, and almost real-time cloud security services. Nowadays, as a global leader in the field of network devices, Nokia's influence has exceeded the visible range of ordinary users.

Nokia chooses to transform

As early as 2006, Nokia began to transform into a company centered around network devices. As countries such as India, China, and Japan expand their construction of mobile communication facilities, Nokia has started investing in the Asian market. In 2008, Nokia Flemish once again acquired the manufacturer of Nixon telecommunications equipment. In the following years, Nokia expanded its business scope by continuously acquiring companies, including Alcatel Lucent and Things. Through continuous development in the field, Nokia has successfully built a globally leading 5G communication network and become the preferred partner for telecom operators and network technology suppliers.

Meanwhile, as a company with a history of 140 years, Nokia has undergone multiple transformations in the past few decades. From the timber business to the cable business, and then to the development and growth of mobile phones, Nokia has always faced industry changes and challenges with its technological strength and innovation. In the future, Nokia will also continue to explore opportunities in the Internet of Things market, cloud technology, Digital health and autonomous driving to ensure the company's profitability and development.

Overall, Nokia's chosen transformation was not successful. After handling the mobile phone business and transitioning to the field of network devices, Nokia has reshaped its business. It has become a successful diversified company, achieving great success while making positive contributions to the development of global network communication technology.

epilogue

With the rapid development of information technology, any enterprise must constantly transform to adapt to constantly changing market conditions. Just like Nokia, no company can grasp its past glory without keeping up with the times. Continuous reform and transformation are the right path. It is Nokia that has emerged as a global leading network device manufacturer through technological innovation and new enterprise models after experiencing several storms.

Therefore, we can see that the development of a company requires a long-term vision, innovative spirit, and a tenacious spirit of struggle. Only by constantly striving can we succeed in the fierce market competition.

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