How the Iphone and Android Killed the Feature Phone: Nokia's 14 Years of Mobile-Phone Supremacy Ended in an Afternoon

In 2005, Nokia sold its billionth mobile phone, a budget-friendly device that went to a customer in Nigeria. By then, the company, based in Espoo, Finland, was making one of every three cell-phones globally. • But just nine years later, the mobile-device maker offloaded its entire handset division to Microsoft for pennies on the dollar, compared to what it had been worth at its peak.