Mobile: May you live in interesting times

by mcampbell on May 28, 2012

“There is a Chinese curse which says ‘May he live in interesting times.’ Like it or not we live in interesting times. They are times of danger and uncertainty; but they are also more open to the creative energy of men than any other time in history.” Robert Kennedy, 1966.

This is certainly true for the mobile technology market of today. While some companies are amassing fortunes, other companies are hemorrhaging cash and market share.  Here are eight former industry juggernauts that have experienced major financial losses due, in part, to the innovations and mind boggling growth of mobile:

1. RIM

2. Sharp

3. Electronic Arts

4. Sony

5. Nintendo

6. Nokia

7. Barnes & Noble

8. Acer

This is by no means a complete list. The reasons vary: failure to transition its mobile product line in time, replacement of older technologies by mobile applications, ineffective transitioning to social networking, and/or competition from mobile devices.

… and who might be next?

HINT: This year the most installed computer operating system in the world will be ANDROID!

(Interesting times indeed … too bad, Microsoft!)

 

[ Further details can be found in Charles B. Stockdale’s article “Eight Great Tech Brands Losing Money”: http://247wallst.com/2012/05/11/eight-great-tech-brands-losing-money/ and Tomi T. Ahonen’s article “How Microsoft Lost the Future (Updated with Ballmer Quote from Seoul)”: http://communities-dominate.blogs.com/brands/2012/05/how-microsoft-lost-the-future/comments/page/4/ ]

 

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