00:00As the years went on, Nokia continued to release new devices, but none of them were able to match
00:05the success of the Nokia 3310, or the peak Symbian era. By the mid-2010s, Nokia's market
00:12share had dwindled two single digits, and the company was forced to lay off thousands of
00:16employees. In 2016, Nokia's parent company, Nokia Corporation, announced that it would sell its
00:23remaining business, Nokia Technologies, to Microsoft, for $1.7 billion. This deal effectively brought an
00:30end to the Nokia brand, as it had been known for decades. However, there is a twist to this story.
00:35Although Nokia no longer exists as an independent company, its legacy lives on through HMD Global,
00:41a Finnish company that was tasked with managing and developing the Nokia brand. HMD Global has
00:46since gone on to release a number of successful smartphones under the Nokia brand, including the
00:51Nokia 7, the Nokia 8, and the Nokia 9. These devices have been well-received by critics and consumers
00:58alike. With many praising their affordability, performance, and design, HMD Global has also
01:04been successful in expanding the Nokia brand beyond just smartphones. The company has launched a number
01:09of other products, including tablets, accessories, and even televisions. Despite this success, it's
01:17important to note that HMD Global does not own the Nokia trademark in the United States. This means that
01:23they are unable to sell Nokia phones in this key market. As a result, Nokia's presence in the US remains
01:29limited, and the brand's overall reach is diminished. In conclusion, Nokia's journey from a small Finnish company
01:35to a global technology giant is nothing short of remarkable. Despite facing numerous challenges and setbacks
01:41along the way, Nokia's innovative spirit and commitment to excellence never wavered. From its humble beginnings
01:47in the world of rubber and electronics.
