It is well known that Nokia – was ‘Connecting People’ and it flourished in the hand phone market a decade ago. Infiltrations by Samsung (android) and Apple (iOs) uprooted the mere ‘Connecting People’ philosophy.
A bold move by Microsoft was to acquire Nokia’s mobile phone division for $9.4 billion. It doesn’t come as much of a surprise that buying Nokia turned out to be a flop. The former market leader was already in steep decline when Microsoft decided to shell out $9.4 billion for its handset business.
Going forward, Microsoft plans to trim down its bloated smartphone line-up and focus its efforts on business customers, the low-cost segment and high-end devices.
You will find more statistics at Statista
