epa05246399 (FILE) A file picture dated 16 April 2015 shows the Nokia logo in the entrance of the Nokia company headquarters in Espoo, Finland. According to reports from 06 April 2016, Nokia aims to save 900 million euro per year until 2018 by cutting up to 15,000 jobs. EPA/MARKKU OJALA/COMPIC FINLAND OUT
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.
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