Home > aPPLE, iPhone, Nokia, Rant > GULP…..!!!!!!


If I was any of Nokia’s shareholders right now I would seriously be disgusted to see this.

I mean Nokia as valuable as RIM. Come on Nokia what are you doing ?!?!?!?!?

This chart shows Apple’s market cap at roughly $247 billion exactly the same market cap Nokia had in 2000 a full 10 years ago, oh how time flies. Shows how much Nokia has become complacent and possibilities of Nokia being overtaken as the world’s largest mobile phone maker is a certainty and I can’t help but thinking that no one at Nokia is serious enough to become great as it once was. It is important for big European companies to stay relevant in the world stage especially Nokia, we don’t want( well i don’t) a world where tech companies are only from America and far eastern Asia. It would be nice to see European tech companies doing well.

I do hope some senior Nokia employee has plastered this chart somewhere in Nokia’s stupendously amazing HQ in Espoo to fire up their employers to do well, frankly if they haven’t I would be worried.

Categories: aPPLE, iPhone, Nokia, Rant
  1. June 22, 2010 at 11:08 pm

    This is an overly simplified chart that does not explain everything or give proper context.

    Apple has become extremely successful in comparison to everyone. They’re bigger than Microsoft market cap wise for goodness sake now.

    The continued decline is Nokia’s failure to produce a relevant and modern touch screen OS for mobile phones. They’re still in baking stage. When that cake is cooked, everyone’s gonna want a piece of MeeGo with maybe some side ordering of S64(s5, and s6)

  2. John Wiegand-forson
    June 22, 2010 at 11:13 pm

    Yeah alright i will give you the benefit of the doubt there but you cannot honestly look at that and think Nokia are doing well and the introduction of Meego and Symbain 4 will do anything to change this chart any time soon. It will take something pretty special form Nokia to gain back some respect from the tech media especially in America and I can’t help but think that Symbian 4 and Meego won’t do that. It takes a whole decade to build up a sold foundation of devices to get where Nokia where and Apple are right now its all part of the Business life cycle it all depends on how Nokia react to their competition.

    • June 22, 2010 at 11:20 pm

      On the contrary, I expect MeeGo and Symbian 4 to lift that back up. It will of course NOT be instant, but it will rise again.

      MeeGo is EXTREMELY special. Anyone who has money would be wise to buy Nokia stocks now whilst they are DIRT cheap. Come release of MeeGo devices left right and centre as well as the maturing of Symbian you’ll see that “dying beast” reborn.

      Nokia aren’t doing MeeGo by themselves. The stage for MeeGo ecosystem is HUUUGE with Qt.

      MeeGo isn’t just another mobile OS. Symbian^4 is not just a rehash of Symbian^1.

      All this time between 07 and 2010, Nokia’s been at the interim stage of developing a good mobile OS. Sadly they didn’t make sure that even with a shitty S1 they gave us good hardware but they live and learn not to be to practical minded about these things.

      Nokia have a long term strategy. Right now it looks bad, but just watch this space.

      • Andre
        June 22, 2010 at 11:44 pm

        With you 100% Jay. The MeeGO tablet alpha video, the UI guidelines, Qt, Those are very big things and I can’t wait to see what’s coming next. The people that invested heavily in apple in the early 00’s when stock was dirt cheap and noone expected apple to amount to much must be wetting themselves with glee every single day.
        I would buy stock in Nokia right now and I’m a student, with no money! LOL

        • John Wiegand-forson
          June 23, 2010 at 10:15 pm

          Thats a really good point buy Nokia stock and wait for Nokia to turn it up with real superphones with Meego

  3. Jim
    June 22, 2010 at 11:50 pm

    I think they need to come with some “new thing” to capture the world. I’m not sure about S^4 . I think S^4 will be just a simple OS which will work on not so powerful hardware for people who wants phones to make phone calls and have a long battery life.
    So the boom can be only from meego and the device cloud they want to implement on meego devices. Was a smart move that they joined forced with intel , this way they will have a lot of manufactures willing to build hardware for meego os.

    asus and acer tablets I think will be available in 2011, nokia phone and probably tablet on Q4, LG will probably make a phone in 2011, and who knows I think samsung might want to make one or two models, and probably TV’s with meego.

    this will be great to buy a tv and receive a phone as a remote :))). Also if you build a Tv with some great hardware you might have a gaming console. the posibilities are endless . now depends if they are gone implement this or just make another os .

    • June 22, 2010 at 11:56 pm

      Oh totally agree. S4 will not be the new thing, but it will be sufficiently good enough for mid tier which Nokia will be pushing shed loads to hundreds of millions.

      Good Symbian FOUNDATION is needed for that Nokia house to be sturdy. It gives them that backbone, that safety cushion to push projects like Maemo and now MeeGo about.

      There is so much potential for MeeGo it’s unbelievable. It’s not just another Mobile OS (like Bada).

      I just wish they could speed up a bit.

      • Jim
        June 23, 2010 at 12:16 am

        Hmm.. actually I don’t think bada is just another os, or maybe it is, but I have to say I’m impressed by the move samsung made by creating a new os. building you own os tells people you are not just a hardware manufacturer , also it allows you to innovate and create new devices , because you control the future development of sowftware. with other words you can make the software based on your hardware and your hardware based on your software.
        Look at windows. every computer running on windows have the same standard things. the only difference is made by how powerful is the cpu, gpu etc
        The same thing is happening with android on mobile devices. almost all the phone have the same look with different cpu.

        the only company that creates new trends (at least in the last years) is apple , because they control both hardware and software.

        Now back to nokia. re-branding a company always have it’s bad effects. they are seend as a company who makes good hardware. I think they want to be seen as company who makes software as well.
        As a developer( using qt long time before nokia bought it) I have to say they’ve done a good thing with qt. They improve it so much in the last 2 years.

        A lot of people stoped buying nokia because of their os(symbian) not looking so good which is the new trend, but somehow if they finish building a new fancy, eye-candy os put it on the fancy shell they will sell it like cakes. I have friends who bought iphone because they were impressed by the UI , but after using it they started to miss nokia, and they said they will switch back if they came with a fancy os.

        woow what a long post :)))

        • June 23, 2010 at 1:08 am

          haha, you should blog for us :p

          All my friends who love iPhone don’t know any other phone exists. Frankly they don’t need to. All the thins they point out iPhone does, every other phone does too.

          By “Another Mobile OS” what I mean is that it’s just there for Mobile whereas MeeGo transcends that by going to Mobile, Netbook, Tablet, car systems, ticket booths, you name it meego goes.

          I think Nokia have the potential to be a trend setter once again like in their glory days. I’m concerned though that they’ll mess up and execute like a Styrofoam guillotine. There are so many facets in this business that must all be precisely managed, but as of late, it just feels like Nokia has butter fingers.

  4. Mark
    June 23, 2010 at 12:03 am

    What people often forget, is that 250 Billion was in a time that Nokia owned the mobile space. Throughout 2007 and 2008, Nokia and Apple have about the same Market cap. Nokia with just phones, Apple with a plethora of devices. Apple gained so much market cap in a year, it left the rest behind. I think the graph shows different times more than anything else. No reason to panic.

    • Jim
      June 23, 2010 at 12:20 am

      oh I forgot. nokia should think and start building other devices not just phones. probably in a few years when meego will become more evolved(meego 2.0) they will start build laptops, netbooks, tablets.

      • June 23, 2010 at 12:26 am

        Jim :

        oh I forgot. nokia should think and start building other devices not just phones. probably in a few years when meego will become more evolved(meego 2.0) they will start build laptops, netbooks, tablets.

        Yup. Nokia showed with the booklet 3G they can make an amazingly designed netbook. Shame about being anorexic in the RAM department.

        Of all the people, Nokia could have pushed cheapo netbooks. If Nokia Booklet was as premium internally as it was in design, it would have justified its price.

        Also looking forward to the new tablets. MeeGo 2.0 is apparently where all the massive changes are going to happen. Shame to hear all those good things are coming but not soon enough.

        Imagine Nokia tried to step into iPod market. A phone-less counterpart that was just mobile entertainment (not big screen tablet – just like iTouch). HDMI, computer like capabilities, win. eh, maybe not. :p

    • June 23, 2010 at 12:20 am

      @ Mark Very true. And another thing that’s quickly forgotten is how strongly Nokia’s held the number one position for 12 consecutive years.

      Tech blogs and media speak of Nokia like they are Motorola. Thank God for google otherwise Moto would truly be in the grave along with RAZR.

      This graph is just another attempt to take a dig at Nokia and praise Apple. It makes fantastic headlines. Stats without background or context are fantastic for skewing and implying messages.

    • John Wiegand-forson
      June 23, 2010 at 10:19 pm

      All right I give u that but shouldn’t Nokia be higher in terms if market cap considering they are the world’s largest mobile phone maker and have 1.3 billion nokia users.

  5. June 23, 2010 at 1:01 am

    Just another thing to add on

    “I mean Nokia as valuable as RIM. Come on Nokia what are you doing ?!?!?!?!?”

    That’s just market cap. I’m no economist so forgive nativities:

    Nokia has 3.74 BILLION shares, RIM has 557 Million.
    Nokia priced at 8.5/share, RIM at 60 (NYSE:NOK ADR).

    Small fluctuations of Nokia’s share price greatly affects its market cap.
    In Jan they were 50+billion at around 15

    Right now on market cap, RIM are larger than Nokia.
    I did read an article the other day predicting a rise in Nokia share price (can’t find link – dunno how legitimate this was) but suppose it was right, Nokia somehow increasing share price to 23 could mean 85 Billion market cap.

    [Then there’s the whole ‘dying’ euro thing that’s not working in Nokia’s favour either]

    • John Wiegand-forson
      June 23, 2010 at 10:22 pm

      I still think Nokia should be bigger than RIM in any business category whether it matters or not Nokia have 1.3 BILLION users RIM eff knows so they should be betting them

  6. Jim
    June 23, 2010 at 1:44 am

    companies that innovate always have an increase market cap.
    nokia is not seen now as an innovating company because I don’t think to much people analyze nokia strategy or they are looking for a short term profit.
    They have a good long term strategy. why? because they are re-branding. they are doing something . they are not just sitting and dying .
    once in a while every big company needs to re-brand and create new stuff, or else you will slowly die.

    for example:
    apple – they started to make more $$$ when they release itunes, ipod, then iphone
    google – not just a search engine – started to create mail service, bought youtube
    samsung – I remember the days when they just produced TVs and not even the best TVs(Sony , panasonic ruled the world) now sony and panasonic have minus profit, and samsung tv are one of their best, not to mention tehy entered the mobile phone lately and increased their market share very fast.
    LG – ha ha ha old goldstar if I remember back in the ’90. what a crappy TV and now I have a very good LG monitor on my desktop

    now let talks about a few companies that declined over the years

    1. Kodak- they ruled the photography world until the digital camera arrived. then they just watch while others ( sony, panasonic…) eat their market share why? they never re-branded.
    2.yahoo – once the king of the internet. did not innovate enough and still remained with their old business of making money from big flashy ads while people moved to a more clean interface ( gmail)
    3. motorola- once king of mobile phones they were losing market first in front of nokia, then sony ericson, samsung lg. they just got lucky with google

    ant the list can continue. my point is that nokia is doing something.

    I think today is my writing comments day :)))

  7. Rob
    June 23, 2010 at 3:05 am

    It’s not surprising to see a graph like this.
    Anything truly goundbreaking has been in R&D and the one fantastic device they have fully released in a long time they have abandoned.

    Once the N8 is truly out and the N9 had made an appearence I can see it rising again as long as they have not lost too many of the faithful due to appalling support. Thing is these figures have a lag time and nokia have been churning out great but not groundbreaking phones until the N900 (OK, the N95 was for the time but the 97 still ran symbian so was same old for many who saw through the form factor and UI layer)

  8. Goro
    June 23, 2010 at 3:39 am

    I am, or better should say, used to be die hard symbian fan… But nokia blow me away from her with the out of date UI and range of application. Migrated to xperia x10 (android platform) just because of those reasons…. cant say i dont miss, or dont like nokia any more, but they should really think twice before unwelling another crap flagship like n97, or make 1000 OS in year ( first was maemo, then meego, then God knows what). Damn, are they serious…. Meen, i feel like someone inside Nokia is blind or stupid and he’s not observing the competition …. Nokia … plsss learn something from HTC ….

    • GordonH
      June 23, 2010 at 5:57 am

      “someone inside Nokia is blind or stupid”. The problem I sense is that top management executives are to blame. A big company like Nokia can surely find talented coders(both inside and outside Nokia). But the final mobile product has to be meet consumer expectations(form + function).
      Apple reflects consumer and market understanding in their final products by unbelievably reducing important function. The apple cool-aid drinkers and apple’s marketing machine was another important factor that drove sales.
      We all see Nokia making and implementing great changes in it’s software roadmap but we can also see Nokia committing too many blunders(stupid/blind management decisions) in the past 3 years.
      Investors and consumers are all waiting for Nokia to make great products.

  9. michael
    June 23, 2010 at 12:43 pm

    I remember when Apple came out reply from Nokia was…”What they sell in a year we sell in a day”…fair enough.

    They had maemo back in 2005 and now they need help of Intel to make it happen.

    Nokia thinks they will sell hundreds od million cheap plastic phones and make you buy a new phone just because of some new feature. Forever…Forever until firmware upgrade option.

    Every company looks after themselves as much as it can, but Nokia has started treating their buyers as idiots without any brains. I mean who in the world is using 2.5mm jacks for headphones.

    They have by their own choice became sole supplier of phones to the third world countries. Big in volume but irrelevant otherwise.

    I look at s3. My God it’s full of stars. All they need is the option to customize how many pixels will the “dot” in “i” be from the body of letter “i”.

    Too many cash cows and question marks, too little stars….

    On the other side I don’t see how is RIM bigger than Nokia.

  10. June 23, 2010 at 1:40 pm

    Does Nokia have a Steve Jobs who can refocus this company back to making high end smart phones that people will be excited about? Also, a new marketing team would be nice. Announcing a new phone and releasing it within a month(or sooner) will get people wanting to jump on the bandwagon instead of having to wait 3 to 6 months to get one(ie N8). Hopefully, Nokia is listening.

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