I don't see how it could have been too late. Nokia switched to MS way before the acquisition. It wasn't successful for a lot of reasons and I don't think an earlier acquisition would have really changed that.
Oh, that is a fair point. If they'd have bought Nokia before they both became turkeys it might have ended differently. But at that point, Nokia probably wasn't for sale and the "two turkeys" analogy wouldn't have applied either, tbh.