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In 1980s Nokia started growing too fast and stretched-out into new lines of technologies due to the increasing demand of Nokia phones. It was happened when Kari Kairamo was the Chief Executive. They also encountered financial difficulties when its other Television Division was not doing well at all and due to some other business ventures which were too different than this field. It also leads to the death of Kari Kairamo, and Simo Vuorilehto became the next CEO in 1988.

From 1990-93 Finland became under stressed of major economical crises, which also effected Nokia phones to stuck but the new CEO has eventually streamlined the various operations of the Nokia phones division and laid-off all other diverse ventures.

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