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The "official" story is that the test was a failure because the rocket was destroyed only one minute after launch.
Personally I think the destruction was intentional.
In my opinion the launch was more of a demonstration than a test. Certainly the rocket engine had been test fired many times on a testing block.
It was necessary to claim it was a satellite launch in order to stifle criticism in the worldwide press. It was also necessary to destruct the missile before it entered Japanese airspace. Japan had announced its intention to shoot down the rocket, and in fact both Japan and the US deployed anti-missile batteries throughout Japanese territory. So destructing the rocket was the only way to avoid a major incident.
Seen in that light I would say North Korea attained their objective. They demonstrated that they have a working ICBM booster and can therefore hit US cities if they are attacked.
The objective is not to threaten the US, but rather to convince South Korea and Japan to rethink their alliance with the US.
The US can no longer offer either a market for their products nor any sort of viable military protection.
In any nuclear conflict, no matter who starts it, the presence of US nuclear weapons on their soil would make both South Korea and Japan certain targets of missiles fired from North Korea. They would have virtually no warning of such an attack and no means to defend themselves against it. So their only effective defense would be to rid themselves of those bases and thus create a nuclear-free buffer zone.
And that is, of course, North Korea's goal. Not to threaten the superpowers of the world, but to neutralize the nuclear threat of total annihilation that has existed for decades just across its border.
Seen in that light, North Korean strategy doesn't seem nearly as "crazy" as it has been portrayed in the western press.