10 glorified years of a technology driven product
I was wondering when I read about Nokia (now MS company) and Blackberry (the oracle of Ontario) buyout after a sharp decline in the product demand and adoption rate. These two were glorified media darlings till early 2010 . What did actually went wrong after 2010?? Before 2010 the market valuation were reap to be at peak, the market share tumbled drastically and the companies were sold actually just below the 10 th of their actual valuations 5 years before. What really went wrong?? Was that a strategy failure or just a failure to gauze the competition or a self created hallucination by ignoring the market dynamics and competition completely or just an over confidence of being on top?? To my understanding- its over confidence and inability to gauze the competition, ignoring small but powerful players (largely because of Android platform from Google as the Symbian platform they were operating was also fighting the battle with Android at the same time- t...