Nokia
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Coordinates: 60.225°N 24.756°E
From Wikipedia, the free encyclopedia
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
Logo used since 2023
Headquarters in Espoo since September 2019[1]
Native name Nokia Oyj
Company type Public
Traded as Nasdaq Helsinki: NOKIA
NYSE: NOK (ADR)
OMX Helsinki 25 component (NOKIA)
ISIN FI0009000681
Industry Telecommunications
Technology
Electronics
Predecessors Nokia Aktiebolag
Suomen Kumitehdas Oy
Suomen Kaapelitehdas Oy
(pre-1967 merger)
Founded 12 May 1865; 158 years ago in Tampere, Grand
Duchy of Finland
Founders Fredrik Idestam
Leo Mechelin
Eduard Polón
Headquarters Espoo
,
Finland
Area served Worldwide
Key people Sari Baldauf (chairwoman)
Pekka Lundmark (president & CEO)
Products List of Nokia products
Revenue €22.26 billion (2023)
Operating income €1.688 billion (2023)
Net income €679 million (2023)
Total assets €39.86 billion (2023)
Total equity €20.63 billion (2023)
Number of 86,689 (2023)
employees
Divisions Nokia Networks
Nokia Technologies
Subsidiaries Bell Labs
NGP Capital
Nuage Networks
Radio Frequency Systems
Website [Link]
Footnotes / references
[2][3][4]
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 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]
