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Nokia Corp

Nokia is a Finnish multinational communications and information technology corporation. Its principal products are mobile telephones and portable it devices. Nokia has around 101,982 employees across 120 countries, sales in more than 150 countries and annual revenues of around EUR30 billion.

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Eller-jed M. Mendoza
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38 views1 page

Nokia Corp

Nokia is a Finnish multinational communications and information technology corporation. Its principal products are mobile telephones and portable it devices. Nokia has around 101,982 employees across 120 countries, sales in more than 150 countries and annual revenues of around EUR30 billion.

Uploaded by

Eller-jed M. Mendoza
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Nokia

From Wikipedia, the free encyclopedia

This article is about the telecommunications corporation. For other uses, see Nokia (disambiguation). The Nokia Corporation[3] (Finnish: Nokia Oyj, Swedish: Nokia Abp; Finnish
pronunciation: [noki], English

/nki/) (OMX: NOK1V,NYSE: NOK, FWB: NOA3) is

a Finnish multinational communications and information technology corporation (originally a paper production plant)[4] that is headquartered in Espoo, Finland.[5] Its principal products are mobile telephones and portable IT devices. It also offers Internet services including applications, games, music, media and messaging, and freeof-charge digital map information and navigation services through its wholly owned subsidiary Navteq.[6] Nokia has a joint venture with Siemens, Nokia Siemens Networks, which provides telecommunications network equipment and services.[7] Nokia has around 101,982 employees across 120 countries, sales in more than 150 countries and annual revenues of around 30 billion.[2] It is the world's second-largest mobile phone maker by 2012 unit sales (after Samsung), with a global market share of 22.5% in the first quarter of that year.[8] Nokia is a public limitedliability company listed on the Helsinki Stock Exchange and New York Stock Exchange.[9] It is the world's 143rd-largest company measured by 2011 revenues according to the Fortune Global 500.[10] Nokia was the world's largest vendor of mobile phones from 1998 to 2012.[8] However, over the past five years it has suffered a declining market share as a result of the growing use of touchscreen smartphones from other vendors - principally the Apple iPhone and devices running on Google's Android operating system - in which Nokia did not take enough advantage of. As a result, its share price had fallen from a high of US$40 in late 2007 to under US$2 in mid-2012.[11][12] In a bid to recover, Nokia announced a strategic partnership withMicrosoft in February 2011, as part of which all Nokia smartphones will incorporate Microsoft's Windows Phone operating system, replacing Symbian. Nokia's current flagship product is the Nokia Lumia 920.

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