Nick Bilton writing for the NY Times – The End of an Era in Mobile:
In the summer of 2007, Nokia was on top of the world. The company had a market valuation of around $120 billion, $10 billion more than Apple. Nokia’s share of the global smartphone market was an astounding 48.7 percent.
But by the third quarter of 2012 — just five years later — Nokia was worth a paltry $8.2 billion, $624 billion less than Apple, and its share of global smartphone sales had slipped to just 3.5 percent.
Take a look at the chart Bilton shares - scary!