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Saying Toyota is dying is like when people say stuff about Apple killing Nokia or whatever.
Apple did kill Nokia's main business. The network equipment side of things, which is what remained afterwards, had long been seen as a bit of a joke within Nokia, as it was essentially subsidised by the handset business.
I think Intel are fucked, but they are still making billions of dollars (although their core businesses are being lost to their rivals).
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Nokia were major contributors to their own demise, and Elop's speech was symptomatic of their internal culture. They were a hardware company first and foremost, and when smartphones came along they really struggled with the pivot to a software-led platform. The software they did produce was buggy as hell, and they didn't have the right people in place to integrate multiple software components into a stable platform.