when an inflection point is identified it is often a sign that the affected industry must make certain fundamental changes in order to continue to operate for example with the introduction of the smartphone other mobile technology manufacturers had to adapt to the changing market conditions in order to remain successful 
palm inc the manufacturer of the palm pilot personal organizer attempted to adjust to changing market conditions through the release of the palm treo smartphone but it was ultimately unable to compete with stronger industry competitors such as the blackberry and the iphone this competitive pressure resulted in a significant loss of stock value in 2010 hp inc announced its acquisition of palm which included an offer that amounted to approximately 5 70 per common share of palm stock 2as of q2 2021 apple s global market share of the mobile phone market is 15 behind xiaomi 16 and samsung 18 3the change in the mobile phone market towards smartphones not only impacted palm but most of the large mobile phone companies at the time of the iphone s release this includes nokia and motorola at the start of the 2000s nokia had a 30 6 market share of the mobile phone market the dominant company in the industry after not being able to compete with the emergence of smartphones nokia sold its mobile phone business to microsoft in 2013 microsoft couldn t figure out a way to reboot the company and sold it in 2016 45the company still makes mobile phones catering to the mid lower price point but is just a shadow of its former self 