Saturday, June 24, 2023

NOKIA

 Nokia Corporation (natively Nokia Oyj in Finnish and Nokia Abp in Swedish,[5] referred to as Nokia)[a] is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, established in 1865. Nokia's main headquarters are in Espoo, Finland, in the greater 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 Helsinki Stock Exchange 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 GSM3G, 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.


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