Nokia’s 14 Years of Mobile-Phone Supremacy Ended in an Afternoon

Nokia's once unassailable dominance in the mobile phone market, which saw it capture a third of the global market in 2005, crumbled spectacularly by 2014 when it sold its handset division to Microsoft for a fraction of its peak value. This shift marked the end of an era that had seen Nokia rise from relative obscurity to become a cultural icon. The implications are significant as it highlights the volatile nature of tech markets and the challenges of maintaining market leadership in the face of rapid innovation and competition.