Bad Condition of Nokia Company

There was a time when the worldwide mobile phone market was dominated by Finnish company Nokia. After the launch of latest operating system in mobiles, the reputation of the company got down. The direct effect of poor financial condition affected the employees of the company and now thousands of people are facing the trouble to save their Job.

The heavy loss in dominance of Nokia has affected the economy of Finland. Nokia had 4% JDP share in 2000 and in 2001 it has remained only 0.5%. 40% of total the population of Finland are employed in Nokia. Now the future of the country is dependent on the investors and financial help for the company.

Google OS-Android powered smart phones have very much hype in the market. Companies like Samsung and Sony have launched Android phones and their high popularity has become the main fall for Nokia. Samsung has become the largest mobile phone manufacturer by beating Nokia.

There was a time when the worldwide mobile phone market was dominated by Finnish company Nokia. After the launch of latest operating system in mobiles, the reputation of the company got down. The direct effect of poor financial condition affected the employees of the company and now thousands of people are facing the trouble to save their Job.

The heavy loss in dominance of Nokia has affected the economy of Finland. Nokia had 4% JDP share in 2000 and in 2001 it has remained only 0.5%. 40% of total the population of Finland are employed in Nokia. Now the future of the country is dependent on the investors and financial help for the company.

Google OS-Android powered smart phones have very much hype in the market. Companies like Samsung and Sony have launched Android phones and their high popularity has become the main fall for Nokia. Samsung has become the largest mobile phone manufacturer by beating Nokia.