Did Nokia shut down?

The government put a freeze on Nokia’s assets due to a tax dispute over an estimated Rs 23,000 crore. Chennai: Nokia, once an iconic mobile handset maker, is shutting down its India plant on Saturday at Sriperumbudur near Chennai , a company spokesperson said on Friday.

Today, Nokia is far from dead , and in fact, has made an impressive comeback under the leadership of Finnish based HMD Global, who bought the exclusive rights to market the Nokia brand via license in 2017.

According to the book major reasons for Nokia’s decline include a pervasive bureaucracy leading to an inability to act, destructive internal competition and the failure to realize the importance of lifestyle products like the iPhone .