Nokia was speeding toward an iceberg before Elop was involved.
The prior Nokia leadership openly mocked the iPhone as a non-threat, and then the company got destroyed by what it represented. Their arrogance was integral in Nokia's suicide.
The only thing you'd ever need to know about Nokia's downfall is represented in this graphic:
"Shares of Nokia Corp. fell as much as 10%" ... "Nokia Chief Executive Olli-Pekka Kallasvuo on Thursday brushed off suggestions that Nokia needs to do more to fight back the foray of iPhone onto its home turf, calling it a ‘niche product."
The prior Nokia leadership openly mocked the iPhone as a non-threat, and then the company got destroyed by what it represented. Their arrogance was integral in Nokia's suicide.
The only thing you'd ever need to know about Nokia's downfall is represented in this graphic:
http://i.imgur.com/m2pSsHk.png
And this article [2008]:
"Shares of Nokia Corp. fell as much as 10%" ... "Nokia Chief Executive Olli-Pekka Kallasvuo on Thursday brushed off suggestions that Nokia needs to do more to fight back the foray of iPhone onto its home turf, calling it a ‘niche product."
http://macdailynews.com/2008/04/17/nokia_shares_slammed_in_w...