Nokia

This article is about the Finnish telecommunications corporation. For the town in Finland, see Nokia, Finland. For other uses, see Nokia (disambiguation). For the wrestler known as "Noki-A", see Mika Akino.

Nokia Corporation
Native name
Nokia Oyj
Company typePublic
ISINFI0009000681
Industry
Predecessors
Founded12 May 1865; 159 years ago (1865-05-12) in Tampere, Grand Duchy of Finland
Founders
Headquarters
Espoo
,
Finland
Area served
Worldwide
Key people
ProductsList of Nokia products
RevenueDecrease €22.26 billion (2023)
Decrease €1.688 billion (2023)
Decrease €679 million (2023)
Total assetsDecrease €39.86 billion (2023)
Total equityDecrease €20.63 billion (2023)
Number of employees
Decrease 86,689 (2023)
Divisions
Subsidiaries
  • Bell Labs
  • NGP Capital
  • Nuage Networks
  • Radio Frequency Systems
  • Alcatel Submarine Networks
Websitenokia.com
Footnotes / references
[2][3][4]

Nokia Corporation[5][a] is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, originally established as a pulp mill in 1865. Nokia's main headquarters are in Espoo, Finland, in the Helsinki metropolitan area,[3] but the company's actual roots are in the Tampere region of Pirkanmaa.[6] In 2020, Nokia employed approximately 92,000 people[7] across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion.[4] Nokia is a public limited company listed on the Nasdaq Helsinki and New York Stock Exchange.[8] It was the world's 415th-largest company measured by 2016 revenues, according to the Fortune Global 500, having peaked at 85th place in 2009.[9] It is a component of the Euro Stoxx 50 stock market index.[10][11]

The company has operated in various industries over the past 150 years. It was founded as a pulp mill and had long been associated with rubber and cables, but since the 1990s has focused on large-scale telecommunications infrastructure, technology development, and licensing.[12] Nokia made significant contributions to the mobile telephony industry, assisting in the development of the GSM, 3G, and LTE standards. For a decade beginning in 1998, Nokia was the largest worldwide vendor of mobile phones and smartphones. In the later 2000s, however, Nokia suffered from a series of poor management decisions and soon saw its share of the mobile phone market drop sharply.

After a partnership with Microsoft and Nokia's subsequent market struggles,[13][14][15] in 2014, Microsoft bought Nokia's mobile phone business,[16][17] incorporating it as Microsoft Mobile.[18] After the sale, Nokia began to focus more on its telecommunications infrastructure business and on Internet of things technologies, marked by the divestiture of its Here mapping division and the acquisition of Alcatel-Lucent, including its Bell Labs research organization.[19] The company then also experimented with virtual reality and digital health, the latter through the purchase of Withings.[20][21][22][23] The Nokia brand returned to the mobile and smartphone market in 2016 through a licensing arrangement with HMD.[24] Nokia continues to be a major patent licensor for most large mobile phone vendors.[25] As of 2018, Nokia is the world's third-largest network equipment manufacturer.[26]

The company was viewed with national pride by Finns, as its mobile phone business made it by far the largest worldwide company and brand from Finland.[27] At its peak in 2000, Nokia accounted for 4% of the country's GDP, 21% of total exports, and 70% of the Nasdaq Helsinki market capital.[28][29]60°13′30″N 24°45′22″E / 60.225°N 24.756°E / 60.225; 24.756

  1. ^ "Contact us". Nokia. Retrieved 17 September 2019.
  2. ^ "Nokia Annual Report 2023 (Form 20-F)". U.S. Securities and Exchange Commission. 29 February 2024.
  3. ^ a b "Nokia" (in Finnish). YTJ.fi. Archived from the original on 10 May 2013. Retrieved 2 March 2013.
  4. ^ a b "Report for Q4 and Full Year 2018" (PDF). Nokia Corporation. 21 March 2019. Archived from the original (PDF) on 27 May 2019. Retrieved 28 May 2019.
  5. ^ "Articles of Association of Nokia Corporation" (PDF). Nokia Corporation. Retrieved 8 June 2023.
  6. ^ HS: Nokian juuret ovat Tammerkosken rannalla (in Finnish)
  7. ^ Morris, Iain. "Nokia has cut 11,000 jobs in effort to boost profit". Light Reading.
  8. ^ "Nokia – FAQ". Nokia Corporation. Archived from the original on 8 February 2009. Retrieved 16 March 2009.
  9. ^ "Fortune Global 500 (100) – 2009 (Fortune ) – Ranking The Brands". Rankingthebrands.com. Retrieved 28 March 2019.
  10. ^ "Global 500 2016". Fortune. 2017. Archived from the original on 10 May 2019. Retrieved 24 August 2017.
  11. ^ "Euro Stoxx 50". Boerse-frankfurt.de. Retrieved 24 August 2017.
  12. ^ "This is the new Nokia". The Verge. 18 November 2014. Retrieved 23 November 2014.
  13. ^ "Full Text: Nokia CEO Stephen Elop's 'Burning Platform' Memo". The Wall Street Journal. 9 February 2011. Archived from the original on 11 February 2011.
  14. ^ Sampsa Kurri (11 October 2012), The story of Nokia MeeGo, archived from the original on 16 October 2012
  15. ^ Thom Holwerda (11 October 2012). "The story of Nokia's Maemo and MeeGo". OS News.
  16. ^ "Microsoft buys Nokia's Devices and Services Unit, unites Windows Phone 8 and its hardware maker". The Verge. 2 September 2013. Retrieved 3 September 2013.
  17. ^ Ovide, Shira. "Microsoft in $7.17 Billion Deal for Nokia Cellphone Business". Wall Street Journal. Retrieved 3 September 2013.
  18. ^ "Microsoft closes Nokia deal, pays more than expected". CNET.
  19. ^ Coupland, Douglas. "The Ghost of Invention: A Visit to Bell Labs". Wired.
  20. ^ "How Nokia reinvented itself". CNNMoney Switzerland. Archived from the original on 24 October 2018. Retrieved 28 March 2019.
  21. ^ "Nokia celebrates first day of combined operations with Alcatel-Lucent". Nokia. Archived from the original on 16 January 2016. Retrieved 15 January 2016.
  22. ^ "Nokia plans to acquire Withings to accelerate entry into Digital Health". 26 April 2016. Archived from the original on 19 May 2016. Retrieved 1 June 2016.
  23. ^ Best, Jo. "'Mobile phones are our history, not our future': Nokia on where next for hardware". Zdnet.com. Retrieved 28 March 2019.
  24. ^ Scott Barr, Chris (18 May 2016). "Microsoft sells Nokia brand use to Foxconn and HMD global". SlashGear. Retrieved 16 May 2017.
  25. ^ "Nokia's key to success: A strong portfolio combined with aggressive licensing – Filing Analytics". Filinganalytics.io. Retrieved 28 March 2019.
  26. ^ "Ericsson, Samsung gain share in network gear as ZTE slumps". Uk.reuters.com. 23 August 2018. Archived from the original on 28 March 2019. Retrieved 28 March 2019.
  27. ^ Vilpponen, Antti (4 September 2013). "Nokia: Finland mourns the demise of its proud tech heritage". The Guardian.
  28. ^ Kelly, Gordon. "Finland and Nokia: an affair to remember". Wired UK.
  29. ^ Bloomberg (4 September 2013). "Finland mourns loss of national icon Nokia".


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