A mobile phone company became the leading brand in the world with shocking speed, electrified by the leadership of a charismatic, ruthless CEO. After that CEO stepped down, the company still continued going strong, dominating smartphone sales and refining its products. But the new CEO lacked true vision and revenue growth started showing worrisome signs of stalling. Pressured by Wall Street, the gray and cautious new CEO suddenly made the dramatic decision of spending billions of dollars to acquire a hot new company, breaking the giant’s tradition of avoiding major acquisitions. This new acquisition happened after a long rise on the Nasdaq, and the company ended up paying a stiff premium. That mobile phone company was Nokia, of course. Not Nokia the laughing stock,
Apple suddenly looks a lot like Nokia
09
May
2014
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