Techno-News Blog

December 22, 2012

Is Nokia ‘Too Big to Fail’?

Filed under: Uncategorized — admin @ 12:25 am

by Don Reisinger, technology review

Nokia is one of those companies that matters too much to the worldwide mobile market to die off. When the financial collapse ravaged the world and sent most countries into a recession, there was a discussion on which banks were “too big to fail.” It was a discussion that centered on the idea that if a particular company were allowed to fail, it could send the entire economy into a tailspin. Looking at the technology industry, Apple or Microsoft might fit that bill. But Nokia might do so in its own way. A Nokia closure wouldn’t necessarily rattle the economy, but it’s entirely possible that if the company shuttered its doors, it would send shockwaves through the industry. In a recent study, research firm IHS iSuppli revealed that for the first time in 14 years, Nokia is no longer the world’s top handset maker. Samsung, with 29 percent market share worldwide, has been able to nab the top spot from Nokia, which was only able to must 24 percent ownership. Last year, Nokia shipped 30 percent of the world’s mobile handsets.

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