Nokia was once the undisputed king of the mobile phone market. In 2007, it had a market share of over 50%. However, the company's dominance began to decline in the late 2000s, and by 2013, it had lost its market leadership to Samsung. There are a number of factors that contributed to Nokia's downfall. One factor was the company's slowness to adopt new technologies. For example, Nokia was slow to launch smartphones, and when it did, its early smartphones were not as competitive as those from Samsung and other companies. Another factor was Nokia's failure to innovate. The company's products became stale and boring, and consumers began to look for new and exciting alternatives. Nokia also made a number of strategic mistakes, such as licensing its Symbian operating system to other manufacturers. This allowed other companies to create competing smartphones that were better than Nokia's own products. Nokia's decline was a major shock to the industry. The company h