Nokia Mobile

About Nokia Mobile

Nokia sold its mobile phone business to Microsoft in September 2013 for 5.4 billion. Nokia had once dominated mobile phones with over 40 percent global market share. CEO Stephen Elop, a former Microsoft executive, wrote the Burning Platform memo in 2011 comparing Nokia to a man on a burning oil platform. Elop chose Microsoft Windows Phone over Android, a controversial decision. The Microsoft acquisition was a fire sale, with Nokia phones worth a fraction of their peak value. Microsoft wrote off 7.6 billion of the Nokia acquisition in 2015, effectively admitting failure. Nokia survived by focusing on telecommunications infrastructure, acquiring Alcatel Lucent in 2016. The Nokia brand was later licensed to HMD Global for new phones.