this post was submitted on 14 Jul 2024
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Speculation on my part but i think it’s the same thing as Boeing really. They didn’t have any real competition for so long and they started cutting out the engineers who innovated to improve stock price.
Nokia is another example. They were leading in mobile tech, only to struggle keeping up with smart phones.
They’re so heavily optimized in old tech they can’t adapt to new tech.
I'd say they just didn't go touchscreen in time I remember a friend having the first iPhone and another had a Nokia n95 The N95 was way ahead in features and technology but people wowed over the Apple screen..
They also did other weird decisions like focusing on Symbian, and then move all their attention on Windows. Nobody cared about Symbian or Windows. Everything was on Android and iOS.
They were too slow to adapt to the new market, and when they adapted they did so in the wrong way.