Who are the Nokia company?
“Nokia is the world’s leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related customer services.” That is a quote directly from their web site Nokia.com. That is a big statement so are they really as big as they claim. Especially considering the emergence of Apple into the phone market.
Nokia are a multinational corporation from Finland with a global annual revenue of over 40 billion euros and over 130000 employees worldwide.
What are Nokia?
Nokia are the worlds largest manufacturer of mobile phones with around 30% global market share.
Where are Nokia?
Headquarters are in Kelaniemi in Espoo near to Helsinki. They are multinational having employers in over 120 countries. They are also found on the internet at Nokia.com and also on many of the country specific sites.
Nokia company history
Formed in 1967 by the merger of three other companies. They went on to make some extremely successful phones like the Nokia 6700 and more recently the Nokia N8. They made many good phones, some bad and some really ugly models, you can see some of them here, in Nokia the good the bad and the ugly. See a more in depth historical analysis of the Nokia company history at Wikipedia
Nokia profile in the future?
Nokia were left trailing a bit by the Apple iPhone thrusting into the market. They then struggled to compete with other manufacturers that started adopting Android as their operating system. Nokia realized too late that they could not keep competing on their own. They joined forces with Microsoft, integrating Microsoft Windows Phone (such as Nokia 1020) as their operating system of choice. This helped revive their top end handset business, but not enough to compete with the top companies or be a sustainable approach.
In 2014 Microsoft starting proceedings to purchase the Nokia handset division. This would release Nokia from one of their struggling parts of the business and allow them to focus on different business areas. (Microsoft buy Nokia). The completion of these proceedings saw Nokia sell its mobile phone business to Microsoft for 5.44bn euros ($7.5bn; £4.5bn).
The Finnish company has now said it will focus on networks, mapping services, technology development and licenses. They expect billions of devices to become interconnected over the next ten years across a range of sectors such as transportation, health and wellness. This increased connectivity and the demand to handle the growing data traffic, improved location services as well as innovation in areas such as radio and low power technologies, will allow Nokia to become market leaders in these sectors.
The future of Nokia is still bright but it will be with technological developments and not just mobile phones. One of these development is their Nokia Connected Car Fund.