| Headquarters | Espoo, Finland[1] |
|---|---|
| Area served | Worldwide |
| Key people |
|
| Products | |
| Services | Maps and navigation, music,messaging and media Software solutions (See services listing) |
| Revenue |  €30.176 billion (2012)[2] |
| Operating income | € -2.303 billion (2012)[2] |
| Net income | € -3.106 billion (2012)[2] |
| Total assets | €29.949 billion (2012)[2] |
| Total equity | €8.061 billion (2012)[2] |
| Employees | 97,798 (2012)[2] |
| Divisions | Mobile Solutions Mobile Phones Markets |
| Subsidiaries | Nokia Siemens Networks Navteq |
| Website | Nokia.com |
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The Nokia Corporation[3] (Finnish: Nokia Oyj, Swedish: Nokia Abp; Finnish pronunciation: [ˈnokiɑ], English /ˈnɒkiə/) (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.[1] Its principal products are mobile telephones and portable IT devices. It also offers Internet services includingapplications, games, music, media and messaging, and free-of-charge digital map information and navigation services through its wholly owned subsidiary Navteq.[5] Nokia has a joint venture with Siemens, Nokia Siemens Networks, which provides telecommunications network equipment and services.[6]
As of 2012, Nokia employs 101,982 people across 120 countries, conducts sales in more than 150 countries, and reports annual revenues of around €30 billion.[2] By 2012, it was the world's second-largest mobile phone maker in terms of unit sales (after Samsung), with a global market share of 22.5% in the first quarter of that year.[7] Nokia is a public limited-liability company listed on the Helsinki Stock Exchange and New York Stock Exchange.[8] It is the world's 143rd-largest company measured by 2011 revenues according to the Fortune Global 500.[9]
Nokia was the world's largest vendor of mobile phones from 1998 to 2012.[7] However, over the past five years its market share declined as a result of the growing use of touchscreen smartphones from other vendors—principally the iPhone, by Apple, and devices running on Android, an operating system created by Google—in which Nokia did not take enough advantage of. As a result, the corporation's share price fell from a high of US$40 in late 2007 to under US$2 in mid-2012.[10][11] In a bid to recover, Nokia announced a strategic partnership with Microsoft in February 2011, leading to the replacement of Symbian with Microsoft's Windows Phone operating system in all Nokia smartphones.[12]
Following the replacement of the Symbian system, Nokia's smartphone sales figures, which had previously increased, collapsed dramatically.[13]From the beginning of 2011 until 2013, Nokia fell from its position as the world's largest smartphone vendor to assume the status of tenth largest.[14]As of July 2013, Nokia's flagship product is the Nokia Lumia 920, in addition to its successors, the 925 and the 928.
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