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I think this is correct.
Nokia managed to push Ericsson out of their dominant position because Nokia were more of a consumer products company, including consumer electronics. But because Nokia did phones as consumer electronics, they didn’t think about them in terms of a platform and had a poor position to compete with smart phones. Their best bet would probably have been to make hardware that ran Android, and at the time I was a bit surprised that they didn’t. Their hardware reputation was stellar.
Elop’s and Microsoft’s actions were still scummy, though from Nokia’s perspective they sold a failing part of their business for billions. Microsoft of course continued to run the phone sales into the ground.
when I started work at Ericsson Australia in late 2000, they’d found out that a third of Australian employees had Nokias, lol. So they bought everyone an Ericsson with a company plan! My first mobile! I hated it so much.