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Nokia’s loss of market share of U.S. cell phone business is a result of __________

User Aganm
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Answer:

The correct answer is: conscious strategic decisions made by the company.

Step-by-step explanation:

Finnish Company Nokia reported a $1,36 billion loss in sales by 2009 because of the decrease of 20% in sales worldwide during that year and 25% only in the United States the previous year. Even if the company is trying to recover nowadays, the emerging of new technology and competitors is still a struggle for the firm. Back in 2009, they were forced to give up part of their market share in order to restructure the company. This represents a well-thought strategy carried out by them if they wanted to still be in the business.

User Warhammerkid
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