Having been all but left for dead, Finnish smartphone player Nokia  deserves ample credit for engineering an impressive transformation over the last several years. Under the leadership of CEO Steven Elop, the company ditched its "burning platform," and now has big plans in the smartphone space. And while the company is in undeniably better shape, it faces what could potentially be its greatest challenge yet --regaining its lost share in the booming smartphone space. However, that might not be as easy for Nokia as one might think. In this video, Fool contributor Andrew Tonner gives his reasoning for why, despite its obvious improvements, Nokia could still find itself on the ropes again.

It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies like Nokia and Microsoft. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.

The article This Smartphone Giant's Time Is Running Out originally appeared on Fool.com.

Fool contributor Andrew Tonner owns shares of Apple. Follow Andrew and all his writing on Twitter at @AndrewTonnerThe Motley Fool recommends Apple. The Motley Fool owns shares of Apple and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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