Nokia

Page 1 of 10

Nokia

By | July 2013
Page 1 of 10
INTRODUCTION OF NOKIA

Nokia Corporation is a Finnish multinational communications corporation that is headquartered in Espoo, a city neighboring Finland's capital Helsinki. Nokia manufactures mobile electronic devices, mostly mobile telephones and other devices related to communications, and in converging Internet and communications industries.

Nokia has around 97,798 employees across 120 countries, sales in more than 150 countries and annual revenues of around €30 billion as of 2012. It was the world's largest manufacturer of mobile phones in 2011, with global device market of 23% in the second quarter.

Nokia produces mobile devices for every major market segment and protocol, including GSM,CDMA, and W-CDMA(UMTS). Nokia offers Internet services such as applications, games, music, maps, media and messaging through its Ovi platform. Nokia's joint venture with Siemens, Nokia Siemens Networks produces telecommunications network equipment, solutions and services. Nokia also provides free-of-charge digital map information and navigation services through its wholly owned subsidiary. Nokia is a public limited-liability company listed on the Helsinki, Frankfurt, and New York stock exchanges.

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The Nokia House, Nokia's head office located by the Gulf of Finland in Keilaniemi, Espoo, was constructed between 1995 and 1997. It is the workplace of more than 1,000 Nokia employees.

Nokia was the world's largest vendor of mobile phones from 1998 to 2012.However, over the past five years it has suffered a declining market share as a result of the growing use of touch screen smart phones from other vendors. As a result, its share price had fallen from a high of US$40 in late 2007 to under US$2 in mid-2012. In a bid to recover, Nokia announced a strategic partnership with Microsoft in February 2011, as part of which all Nokia smart phones will incorporate Microsoft's Windows Phone operating system, replacing Symbian. Nokia's current flagship product is...