The recent death of tech giant Nokia has shown just how easy it is for a company to fall from dominance to irrelevance in only a matter of years. Whether it be due to their inability to keep up with changing technology, or building their business around a central pillar which then became completely obsolete, it is easy to a company to fall on hard times. Read below our list of 5 well-known tech companies which are already on their deathbeds.
1. RIM (Blackberry)
Blackberry made the mistake of trying to capture too narrow a market, and then completely losing that market. While popular for a while, Blackberry’s QWERTY keyboard smartphones were massively outclassed by multi-touch smartphones starting with the Apple iPhone.
One of the oldest brands in tech, in the last 5 years HP has seen its stock price being continuously written down. This was in no small part due to the company’s over-investment in hardware, while marginalising its profitable software and cloud services. In recent days HP has announced that it will be splitting into two companies in order remain viable.
Unlike other companies on this list, HTC actually jumped into the smartphone game early, and saw strong sales. Unfortunately, from 2012 onwards, they did not invest enough into marketing, and as such saw a decline in smartphone sales, despite having a good portfolio of very well-reviewed devices.
For a company which once held a duopoly over GPU manufacturing, AMD has seen a rather precipitous fall. While their processors did not decline in quality, the company was hurt by market trends towards mobile devices or low-powered laptops which did not need their chipsets.
Xerox is a company synonymous with one device: the fax machine. While in their heydey these devices were an important part of every office, presently they are needed less and less. Despite attempts to restructure, the company has continued to see declining revenues year on year, with no real solution in sight.
The Best 9 Devices from CES 2017
What You Should Know About CES 2017 So Far
The Best Lightning Headphones for iPhone 7
Apple iPhone 7 Release Date Confirmed: Apple vs Samsung Price, Specs, Features and Technical Difficulties
How To Make The Best of VR/AR In The Next 5 Years?
The Electric Skateboard That Will Make You Sell Your Car
Fashion Meets Tech In Milan’s Design Week In The Best Way
What Are The Big Consumer Electronic Events This Spring?
How To Tell If A Person Is An Apple Or Android User
Breaking Your Favorite App Might Be The Most Fun Job Ever
Amazon Prime Day
Amazon Prime Day 2018: How to choose the best deals
The easiest way to fix an iPhone stuck in recovery mode without data loss
How are Canadians using mobile devices to relax?
The gaming apps dominating the market in Canada