NEW YORK: The precipitous fall of Nokia phones sends a warning to all technology giants. Microsoft finally ditched the basic handset business in a deal that will see the devices reborn under the control of former Nokia bosses and Taiwan's Foxconn.
The US$350mil (RM1.42bil) sale price for the former crown jewel of a US$300bil (RM1.22bil) enterprise is a testament to how quickly empires can vanish.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!