Video: Can Nokia regain its edge?


The following video is part of our “Motley Fool Conversations” series in which technology and media editor/analyst Andrew Tonner discusses topics across the investing world.

The long slide of the Finnish cellphone maker has been well-documented. As the smartphone revolution began, Nokia opted to double down on its existing business, eventually rising to become the world’s largest handset maker. How’s that worked out? As everyone should have guessed, Nokia chose poorly. Last week was a painful reminder of Nokia’s strategy blunder with shares posting a 16% drop in a single day as the company announced that its quarterly performance will likely come in softer than expected and that it plans to lay off 10,000 workers. And despite this, the company has made serious strides in the last 12 months to once again move toward greener pastures. Can Nokia survive and eventually thrive in one of tech’s greatest growth markets? Listen on to find out.

Some investors might see parallels in Australian industry…  what does the future hold for OneSteel (ASX: OST), BlueScope (ASX: BSL) or JB Hi-Fi (ASX: JBH)?

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The Motley Fools purpose is to help the world invest, better. Take Stock is The Motley Fool’s free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. Click here now to request your free subscription, whilst it’s still available. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

A version of this article, written by Andrew Tonner, originally appeared on fool.com

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