<div id="readability-page-1"><div><div>Twenty-five years ago, Nokia Corporation NOK stood tall as the undisputed leader of the mobile phone industry. In 2000, the Finnish telecom giant was valued at $204.28 billion.By contrast, Apple Inc. AAPL was a struggling computer company with a market capitalization of just $5.13 billion, making Nokia worth nearly 40 times more than the now-dominant tech titan.The same year, Nokia released the legendary 3310, a durable, user-friendly phone that became an instant classic. It sold over 128 million units globally, according to Medium.However, just seven years later, everything changed. In 2007, Apple co-founder Steve Jobs introduced the iPhone, ushering in the smartphone era and sealing the fate of Nokia's once-thriving dumb phone empire.Within a few years, Apple overtook Nokia—and nearly every other mobile manufacturer—in both innovation and market share. Today, Nokia's market cap is at $128.13 billion, while Apple is the third most valuable company in the world with a $2.99 trillion market capitalization.Now, the script appears to be flipping again.Apple, despite being one of the most valuable companies in history, has been slow to embrace the artificial intelligence revolution that is reshaping the tech industry.Meanwhile, rivals like Alphabet Inc.'s GOOG GOOGL Google, Microsoft Corp. MSFT and new-age startups like OpenAI are sprinting ahead with consumer and enterprise AI products.The question now echoing through the corridors of the tech industry is whether Apple's lagging progress in AI could mirror Nokia's decline—a once-dominant player caught flat-footed by the next wave of innovation.Subscribe to the Benzinga Tech Trends newsletter to get all the latest tech developments delivered to your inbox.Eddy Cue, a senior executive at Apple, has also hinted that AI could have the same disruptive impact on Apple as the iPhone once had on Nokia.During his testimony in the DOJ's antitrust case against Alphabet, Cue warned that the iPhone itself could lose relevance within the next decade, adding, &#34;As crazy as that sounds.&#34;Jony Ive, Apple's former design chief, has also referred to smartphones and laptops as &#34;legacy products,&#34; implying they no longer define the future of computing. His remark came as OpenAI shared plans to develop a line of AI-driven devices in collaboration with the renowned designer.According to Gene Munster, managing partner at Deepwater Asset Management, OpenAI now presents the most serious competitive threat to Apple in the past two decades.While Apple is rumored to unveil new AI features at its Worldwide Developers Conference on June 9, the pressure is mounting.Price Action: Over the past five years, Apple shares have risen by 142.34%, though they are down 17.63% year-to-date, according to Benzinga Pro.Benzinga Edge Stock Rankings gives Apple a growth score of 32.97%. Click here to see how it stacks up against other major players like Alphabet and Microsoft.Check out more of Benzinga’s Consumer Tech coverage by following this link.<ul> <li>Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</li> </ul>Photo courtesy: jamesteohart / Shutterstock.com</div></div></div>

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Nokia was once valued at $204.28 billion, 40 times more than Apple’s $5.13 billion in 2000. The launch of the Nokia 3310 marked its peak, but by 2007, Apple’s iPhone revolutionized the market, leading to Nokia's decline. Today, Apple, valued at $2.99 trillion, faces challenges in the AI sector, lagging behind competitors like Google and Microsoft. Executives warn that AI could disrupt Apple similarly to how the iPhone affected Nokia. Despite a 142.34% rise in Apple shares over five years, they are down 17.63% year-to-date, raising concerns about its future in the tech landscape.

- Nokia Corporation was once the leader in the mobile phone industry, valued at $204.28 billion in 2000, while Apple was valued at $5.13 billion.  
- The introduction of the iPhone in 2007 marked a significant shift, leading to Apple's dominance and Nokia's decline, with current market caps of $2.99 trillion for Apple and $128.13 billion for Nokia.  
- As Apple faces challenges in the AI sector, concerns arise that its slow adaptation could mirror Nokia's fate, with industry experts highlighting the potential disruptive impact of AI on Apple's future.

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Nokia Was Worth 40 Times More Than Apple 25 Years Ago, When The Legendary Nokia 3310 Was Launched: 7 Years Later, Steve Jobs Ended The Era Of Dumb Phones. Is The Writing On The Wall For Cupertino As It Trails In The AI Race?