About
Nokia Corporation, commonly known as Nokia, is a Finnish multinational technology company headquartered in Espoo, Finland. Here is an overview of Nokia:
**1. Founding and Early History:** Nokia was founded in 1865 by Fredrik Idestam as a wood pulp mill in Tampere, Finland. It later expanded into various industries, including rubber, cable, and electronics.
**2. Telecommunications Era:** In the 1980s, Nokia shifted its focus to telecommunications and electronics. It became a major player in the mobile phone industry, manufacturing iconic mobile devices such as the Nokia 3310.
**3. Mobile Phone Dominance:** Nokia's mobile phones gained global popularity for their durability, reliability, and user-friendly design. At its peak, Nokia was the world's largest mobile phone manufacturer, dominating the market.
**4. Challenges and Transition:** In the late 2000s, Nokia faced significant challenges, particularly from the rise of smartphones, notably the iPhone and Android devices. This led to a decline in Nokia's mobile phone market share.
**5. Microsoft Partnership:** In 2011, Nokia entered into a partnership with Microsoft, adopting the Windows Phone operating system for its smartphones. This collaboration aimed to regain market share but faced challenges.
**6. Sale of Devices and Services Business:** In 2014, Nokia sold its Devices and Services division to Microsoft, marking its exit from the mobile phone manufacturing business. Nokia retained its network infrastructure and technology divisions.
**7. Network Infrastructure Leadership:** Nokia is a global leader in providing network infrastructure solutions for telecommunications operators. It offers a wide range of products and services, including equipment for 5G and beyond.
**8. Research and Innovation:** Nokia has a strong commitment to research and development, particularly in emerging technologies such as 5G, 6G, the Internet of Things (IoT), and artificial intelligence (AI).
**9. Sustainability:** Nokia places a strong emphasis on sustainability and corporate responsibility, aiming to reduce its carbon footprint and promote ethical business practices.
**10. Global Presence:** Nokia operates in numerous countries worldwide, serving telecommunications operators, enterprises, and governments. It plays a critical role in building and maintaining communication networks globally.
**11. Ongoing Evolution:** Nokia continues to evolve, expanding its portfolio to include cloud-based solutions, software, and services. It remains a key player in shaping the future of global communication networks and technologies.