Nokia

Established in 1865, Nokia Corporation often known as Nokia is a multinational corporation that specializes in consumer electronics, information technology, and telecommunications. The main offices of Nokia are located in Espoo, Finland, which is part of the Helsinki metropolitan area, while the Pirkanmaa district of Tampere is where the firm was founded. Around 92,000 people were employed by Nokia in over 100 countries in 2020, and the company conducted business in over 130 nations, with annual revenues of about €23 billion. The Helsinki Stock Exchange and the New York Stock Exchange both list Nokia as a public limited corporation. It peaked at 85th place in 2009 and is currently the 415th-largest company in the world by 2016 revenues, according to the Fortune Global 500. It is a part of the stock market index known as the Euro Stoxx 50.

Over the last 150 years, the organization has worked in a variety of industries. It was formed as a pulp mill and has long been connected with rubber and cables, but it has focused on large-scale telecommunications infrastructure, technology development, and licensing since the 1990s. Nokia made important contributions to the mobile telecommunications market, helping to develop the GSM, 3G, and LTE standards. Nokia was the biggest global vendor of mobile phones and smartphones for a decade beginning in 1998. However, in the late 2000s, Nokia suffered from a succession of disastrous management mistakes, and its share of the mobile phone market fell precipitously.

Following a relationship with Microsoft and Nokia's ensuing market difficulties, Microsoft purchased Nokia's mobile phone division in 2014 and rebranded it as Microsoft Mobile. With the sale of its Here mapping company and the purchase of Alcatel-Lucent, which included Bell Labs, Nokia began to concentrate more on its telecommunications infrastructure business and Internet of things technology. The business later tried its hand at virtual reality and digital health, the latter by purchasing Withings. 2016 saw the return of the Nokia brand to the mobile and smartphone industry thanks to a licensing agreement with HMD Global. The majority of the major mobile phone companies continue to rely heavily on Nokia as a patent licensor. As of 2018, Nokia is the third-largest maker of network equipment worldwide.

Finns viewed the corporation with national pride, as its mobile phone industry made it by far the largest global company and brand from Finland. Nokia accounted up 4% of the country's GDP, 21% of total exports, and 70% of the Helsinki Stock Exchange market capital at its height in 2000.

Founded: 1865

Headquarters: Espoo, Finland

Website: https://nokia.com