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Microsoft in $7 Billion Deal for Nokia Cellphone Business
Keywords:
Microsoft's acquisition of Nokia Corp.'s cellphone business for $7 billion in August 2013. This is less than the $8.5 billion Microsoft paid to acquire Skype. A major European corporation goes for less than a company that did not even exist a few years earlier. It shows how quickly a strategic misstep or failure to anticipate a new competitor or technology can upend the marketplace. Nokia failed to anticipate or move quickly to develop products in mobile smartphones. Strategic missteps included relying on its own technology for smartphone development as the market moves first to the iPhone and then the Android based smartphones from Samsung, and other manufacturers. Microsoft also failed to anticipate or prepare for smartphone development. There is a one-two punch because after losing to Apple and Samsung in the highend smartphone market, Nokia is hit by lowpriced Android based smartphones from Chinese competitors such as Lenovo, HTC and others. The entire marketplace Nokia had known for a generation has shifted before its eyes.
Microsoft's acquisition of Nokia's mobile business in August 2013
09/03/2013
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Microsoft in $7 Billion Deal for Nokia Cellphone Business
Wall Street Journal 09/03/2013
Nokia Could Boost Microsoft’s Push to be Mobile No. 3
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Microsoft Gets Nokia Units, and Leader
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Nokia Sells Record Number of Lumia Smartphones
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Signs of New Life at Nokia Fade
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Nokia and CEO Stephen Elop
10/15/2012
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Nokia's Turnaround Has Long Way to Go
Wall Street Journal 07/19/2013
Microsoft in $7 Billion Deal for Nokia Cellphone Business
Wall Street Journal 09/03/2013
Microsoft Gets Nokia Units, and Leader
New York Times 09/03/2013
Nokia's Stephen Elop: Next Microsoft CEO?
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From Nokia, an Executive Who Knows the Difficulties at Hand
New York Times 09/03/2013
Former Nokia CEO Elop Leaving Microsoft
Wall Street Journal 06/17/2015
Nokia's strategic partnership with Microsoft
07/20/2010
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Wall Street Journal 07/19/2013
Microsoft in $7 Billion Deal for Nokia Cellphone Business
Wall Street Journal 09/03/2013
Nokia Could Boost Microsoft’s Push to be Mobile No. 3
Wall Street Journal 09/03/2013
Microsoft Gets Nokia Units, and Leader
New York Times 09/03/2013
Nokia's Stephen Elop: Next Microsoft CEO?
Wall Street Journal 09/04/2013
Nokia Sells Record Number of Lumia Smartphones
Wall Street Journal 10/30/2013
Nokia smartphones with the launch of the Lumia line using Microsoft software
01/20/2011
Grouped Articles
Nokia's Turnaround Has Long Way to Go
Wall Street Journal 07/19/2013
Microsoft in $7 Billion Deal for Nokia Cellphone Business
Wall Street Journal 09/03/2013
Nokia Could Boost Microsoft’s Push to be Mobile No. 3
Wall Street Journal 09/03/2013
Microsoft Gets Nokia Units, and Leader
New York Times 09/03/2013
Nokia's Stephen Elop: Next Microsoft CEO?
Wall Street Journal 09/04/2013
Nokia Sells Record Number of Lumia Smartphones
Wall Street Journal 10/30/2013
Microsoft and the Skype acquisition
10/05/2010
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Constant Acquisition at Microsoft, and One Deal That Didn't Close
New York Times 08/23/2013
Microsoft in $7 Billion Deal for Nokia Cellphone Business
Wall Street Journal 09/03/2013
Skype, Before Its IPO, Hires Chief From Cisco
Wall Street Journal 10/05/2010
Microsoft's Hefty Phone Bill for Skype
Wall Street Journal 05/10/2011
Microsoft at Work on Meshing Its Products With Skype
New York Times 05/28/2012
Microsoft acquisitions under CEO Ballmer
08/23/2013
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Constant Acquisition at Microsoft, and One Deal That Didn't Close
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Next CEO's Biggest Job: Fixing Microsoft's Culture
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Young Tech Sees Itself in Microsoftâs Ballmer
New York Times 08/25/2013
Microsoft in $7 Billion Deal for Nokia Cellphone Business
Wall Street Journal 09/03/2013
Nokia failing competitiveness and the Stephen Elop memo
01/24/2008
The "Burning Platform" memo by Nokia CEO Stephen Elop, tells Nokia employees that Nokia in 2011 is like a man in the North Sea who hears an explosion on his oil platform and sees it burning. He has to choose between standing there or to jump into the icy waters, and he chooses to jump and makes it against all odds.
Grouped Articles
Nokia's Turnaround Has Long Way to Go
Wall Street Journal 07/19/2013
Microsoft in $7 Billion Deal for Nokia Cellphone Business
Wall Street Journal 09/03/2013
Microsoft Gets Nokia Units, and Leader
New York Times 09/03/2013
Nokia's Stephen Elop: Next Microsoft CEO?
Wall Street Journal 09/04/2013
From Nokia, an Executive Who Knows the Difficulties at Hand
New York Times 09/03/2013
Nokiaâs New Chief Faces a Culture of Complacency
New York Times 09/26/2010
Nokia's failure to turn a huge investment in R&D into a smartphone before competitors
01/24/2008
Nokia's investment in R&D over the last decade exceeds that of Apple and Google. Yet the company blundered into a failure to invest this money effectively to stay ahead in new products like the smartphone that would eventually take over the market. At critical junctures Nokia decided to focus on ite existing strengths and not prepare for changing technologies that would upend the marketplace. Organizational dysfunction and slow decisionmaking compounded the process. Too much of the emphasis was on pure R&D without a focus on new exciting products with newer technologies.
Grouped Articles
Microsoft in $7 Billion Deal for Nokia Cellphone Business
Wall Street Journal 09/03/2013
Nokiaâs New Chief Faces a Culture of Complacency
New York Times 09/26/2010
The Inside Story of How the iPhone Crippled BlackBerry
Wall Street Journal 05/24/2015
Microsoft Phone Woes Spur New Cuts
Wall Street Journal 07/08/2015
Nokia's Bad Call on Smartphones
Wall Street Journal 07/18/2012
HTC Beefs Up China Push as U.S., Europe Lag
Wall Street Journal 08/14/2012
Competitors to the Apple iPhone
09/28/2006
Competition from Samsung, HTC, Nokia, RIM and other smartphone makers.
Grouped Articles
Apple Faces Dilemma Over Strategy in China
Wall Street Journal 04/24/2013
Samsung Plans 'Rugged' Version of Galaxy S 4 Phone
Wall Street Journal 04/26/2013
Wall Street Journal 04/26/2013
Apple's Smartphone Market Share Falls
Wall Street Journal 04/28/2013
Samsung Could Soon Surpass Apple in Handset Profit
New York Times 05/06/2013
Lei Jun Builds His Xiaomi Empire by Aping Apple and Steve Jobs
New York Times 06/04/2013
The Elop memo in 2011 and the sale of Nokia's mobile phone business to Microsoft in 2013- the startling change of fortunes for Nokia
02/09/2011
Nokia was a pioneer in the development of mobile phones in an earlier era when fixed lines were the norm. It dominated the mobile phone business in the period before 2009 for 2 decades before the coming of smartphones. The change in Nokia's market came quickly and suddenly with the advent of the iPhone and Nokia was unprepared for this development. This is a classic case of obsolesence and disruptions caused by innovation and new technologies. Other companies from the previous era before cloud computing and the internet, H-P, Oracle, IBM, and Microsoft, face the continuing challenge to adapt or lose to new competitors.
Linked Articles
Microsoft in $7 Billion Deal for Nokia Cellphone Business
Wall Street Journal 09/03/2013
Full Text: Nokia CEO Stephen Elop’s ‘Burning Platform’ Memo
Wall Street Journal 02/09/2011
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