On Friday, a day after announcing it was slashing 10,000 jobs, the Finland-based company was worth about $9.3 billion on the New York Stock Exchange. That’s a mighty fall from the middle of 2000, when Nokia’s market cap neared $269 billion as cell phones first became ubiquitous.
Also, look at the macro-trend. Two companies are trending upwards (Apple, Google). While two are trending downwards (Microsoft, Nokia). Just thinking about the companies the past 10+ years in general terms, this alignment makes perfect sense.