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The N-Gage

You might laugh now, but 2 million people apparently thought these were pretty cool.

In 2004, Nokia (NYSE:NOK) still was a mobile leader. It was the world’s No. 1 cell phone manufacturer and held nearly 30% of the market. So why would it release the N-Gage — a monstrous combination of smartphone, MP3 player and portable gaming system? And why would it ship as a GSM phone that was incompatible with Verizon (NYSE:VZ), then the largest wireless provider in the U.S.?

The N-Gage actually lasted through several iterations and reportedly sold 2 million units in total, though $100 discounts at GameStop (NYSE:GME) didn’t hurt.

Article printed from InvestorPlace Media, http://investorplace.com/2012/06/a-facebook-phone-there-are-plenty-of-crazy-precedents/.

©2016 InvestorPlace Media, LLC

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