Nokia once sold 2 in 5 phones on Earth, then lost it all in 7 years

With its groundbreaking products, Nokia ruled the global mobile market for years, driven by efficient industrial logistics and far-reaching distribution. However, internal anxiety and limited communication led to several missteps. The arrival of the iPhone and Android revolutionized the landscape, shifting attention to software ecosystems. Ultimately, Nokia's mobile phone business was acquired by Microsoft, marking a pivotal change in its trajectory.