Why Nokia Missed the Smartphone Shift
CNBC International • 2026-06-06T04:00:31Z • 12:23:00 • intermediate • Technology
Lead
Have you ever wondered how a giant like Nokia lost its grip on the smartphone market? Dive into the story of their rise and fall, and discover the key lessons learned from their journey.
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Vocabulary
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encapsulated
/ɪnˈkæpsʊˌleɪtɪd/
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Definition
to express the essential features of something succinctly.
Example
The book encapsulated the essence of the era in just a few chapters.
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optimal
/ˈɑptɪməl/
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Definition
most favorable or desirable; best.
Example
Finding the optimal solution to the problem required extensive research.
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multitude
/ˈmʌltɪˌtud/
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Definition
a large number of people or things.
Example
The festival attracted a multitude of visitors from around the world.
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hamstring
/ˈhæmstrɪŋ/
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Definition
to hinder or restrict the effectiveness of something.
Example
The new regulations hamstring the company's ability to innovate.
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ecosystem
/ˈiːkoʊˌsɪstəm/
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Definition
a complex network or interconnected system.
Example
The tech ecosystem is constantly evolving with new startups and innovations.
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strategic
/strəˈtiːdʒɪk/
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Definition
relating to the identification of long-term or overall aims and interests.
Example
The company made a strategic decision to enter the Asian market.
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