Nokia Company emerged from the 19th century where its headquarters were based in Finland before reaching other countries. Nokia used to produce cell phones that dominated Europe, and mainly occupied emerging markets. By the year two thousand, Nokia was the leading market in the US, by year two thousand and nine, Nokia’s market in the US had lowered to three percent from a higher percent of thirty-five. The reason for the reduction in the market for Nokia in the US was because of the rise in competition from Samsung, Motorola, and LG. Strategic moves by Nokia Company whereby it made its cell phones on European method of GSM instead of the United State CDMA form, restricted access to Nokia cell phones in the United States. More than half of the phones functioned with CDMA format in the US; Nokia also failed to create a close relationship with wireless providers who managed ninety-six percent of the United States market.
Nokia’s lack of reaction towards clients’ tastes and expectations led to a drop in its market in the US. Nokia initiated smart-phones. Unfortunately, it failed to take advantage of its smart-phone ability and deferred on its acceptance of touch screen application. Due to Nokia’s delay in acceptance of touchscreen application, the iPhone took advantage and became a regular business device. Its fame did not only explode in the United States but also worldwide, and finally Nokia’s share of the smart-phone failed radically. Moreover, Nokia’s stock fell, even after stock markets commenced improving from a recession. The Nokia Company persisted to its Symbian operating system, although it was “clunky” and provided poor maintenance for smart-phone characteristics. Even though Nokia Company was the first to initiate the touch-screen phone, it needed a stylus and was in short of the fingertip precision of the iPhone, which was introduced later.