![[OC] The Decade the Smartphone Crown Changed Hands: Nokia vs Apple Market Cap (2001–2011)](https://www.byteseu.com/wp-content/uploads/2025/09/cpnbezxvu1nf1-1024x781.png "[OC] The Decade the Smartphone Crown Changed Hands: Nokia vs Apple Market Cap (2001–2011)")
In 2001, Nokia’s market cap was 15× bigger than Apple’s. By 2007–2008, Apple had caught up. By 2011, Apple was worth over 20× more than Nokia.
This chart shows the dramatic crossover — Nokia peaking in 2007 at $157B before a steep decline, while Apple’s market cap rocketed from $7.7B to $376B in just a decade.
Source: MarketCapWatch
Tools: Infogram, MS Excel
Posted by Proud-Discipline9902
4 Comments
What about Blackberry? They were first in terms of smartphone.
One of those was / is connected with reality.
The other is a bubble. Where there’s absolutely no connection with reality.
It epitomises the brand over value issue, that will destroy a company as the bubble deflates.
I was working for Nokia when the iphone was released. Everyone was excited as they thought it would push people to use apps which would make them buy the newest app-supported Nokia phones.
That went…well.
I understand why Apple had a big growth in 07 (first iphone came out around then iirc), but what happened to Nokia to give it such a peak in 07 too?