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> Same thing is going on with Germany’s car industry at the moment with the attempted shift from ICE’s to Electric, I call that BS. The market was shifting to
by chithanh 6y ago
> Same thing is going on with Germany’s car industry at the moment with the attempted shift from ICE’s to Electric,
I call that BS.
The market was shifting to Android. Industry veterans like Jean-Louis Gassée wrote that during OPK era, he was approached by Nokia board asking for advice, and he told them to go Android. The board refused, and it was decided to bet the company on Windows Phone. Not for some technical or organizational/cultural reason, but purely for strategic reasons.
https://web.archive.org/web/20121225214448/http://www.computing.co.uk/ctg/news/2188976/nokia-elop-board-jean-louis-gassee/page/2 https://web.archive.org/web/20121225214448/http://www.comput...
German carmakers are waking up late to electric vehicles, but they are acting now to pivot to the winning technology, before their marketshare reaches 3%. Nokia bound themselves for a multi-year exclusive contract with Microsoft, that even Microsoft folks were surprised they would enter at such a minimal payment for MS. I remember reading reports that the Microsoft negotiations team was authorized to go considerably higher than what they ended up paying.
So it was overconfidence on Nokia's part to what extent they would be able to sell the turd that was Windows Phone, coupled with the lack of exit strategy if that didn't work out. And that's even before talking about Elop's financial incentives to run the smartphone business into the ground and sell it to Microsoft.