Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, established in 1865.
FactSnippet No. 432,628 |
Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, established in 1865.
FactSnippet No. 432,628 |
In 2020, Nokia employed approximately 92, 000 people across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion.
FactSnippet No. 432,629 |
Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange.
FactSnippet No. 432,630 |
Nokia made significant contributions to the mobile telephony industry, assisting in the development of the GSM, 3G, and LTE standards.
FactSnippet No. 432,631 |
Nokia then experimented with virtual reality and digital health, the latter through the purchase of Withings.
FactSnippet No. 432,632 |
The Nokia brand returned to the mobile and smartphone market in 2016 through a licensing arrangement with HMD Global.
FactSnippet No. 432,633 |
Nokia continues to be a major patent licensor for most large mobile phone vendors.
FactSnippet No. 432,634 |
In 1922, in a now independent Finland, Nokia Ab entered into a partnership with Finnish Rubber Works and Kaapelitehdas, all now jointly under the leadership of Polon.
FactSnippet No. 432,635 |
Nokia was now making professional mobile radios, telephone switches, capacitors and chemicals.
FactSnippet No. 432,636 |
Under his leadership, Nokia acquired many companies including television maker Salora in 1984, followed by Swedish electronics and computer maker Luxor AB in 1985, and French television maker Oceanic in 1987.
FactSnippet No. 432,637 |
In 1987, Nokia acquired Schaub-Lorenz, the consumer operations of Germany's Standard Elektrik Lorenz, which included its "Schaub-Lorenz" and "Graetz" brands.
FactSnippet No. 432,638 |
On 1 April 1988, Nokia bought the Information Systems division of Ericsson, which had originated as the Datasaab computer division of Swedish aircraft and car manufacturer Saab.
FactSnippet No. 432,639 |
Nokia acquired Mobira, a mobile telephony company, which was the foundation of its future mobile phone business.
FactSnippet No. 432,640 |
Nokia's operating profit went from negative in 1991 to $1 billion in 1995 and almost $4 billion by 1999.
FactSnippet No. 432,642 |
In November 1992, the Nokia 1011 launched, making it the first commercially available GSM mobile phone.
FactSnippet No. 432,644 |
Salora Oy as a Nokia subsidiary ended in 1989 when the division was merged into Nokia-Mobira Oy.
FactSnippet No. 432,645 |
Nokia was the first to launch digital satellite receivers in the UK, announced in March 1997.
FactSnippet No. 432,646 |
In 1998 Nokia became the chosen supplier to produce the world's first digital terrestrial television set-top boxes by British Digital Broadcasting, which was eventually launched as ONdigital.
FactSnippet No. 432,647 |
In October 1998, Nokia overtook Motorola to become the best-selling mobile phone brand, and in December manufactured its 100 millionth mobile phone.
FactSnippet No. 432,648 |
Nokia claimed in April 1996 its 447Xav and 447K monitors to be the first with stereo speakers and a sub-woofer.
FactSnippet No. 432,649 |
On 26 April 2001 Nokia partnered with Telefonica to supply DSL modems and routers in Spain.
FactSnippet No. 432,650 |
Nokia acquired the entire company in June 2008 and then formed the Symbian Foundation as its successor.
FactSnippet No. 432,651 |
That same month Nokia introduced the Nseries, which would become its flagship line of smartphones for the next six years.
FactSnippet No. 432,652 |
Nokia was one of the pioneers of mobile gaming due to the popularity of Snake, which came pre-loaded on many products.
FactSnippet No. 432,654 |
In 2002, Nokia attempted to break into the handheld gaming market with the N-Gage.
FactSnippet No. 432,655 |
Nokia attempted to revive N-Gage as a platform for their S60 smartphones, which eventually launched in 2008.
FactSnippet No. 432,656 |
Nokia was the largest vendor at the time in all regions bar North America.
FactSnippet No. 432,657 |
Nokia partnered with Arqiva and O2 to launch trials in the UK in September 2005.
FactSnippet No. 432,659 |
In October 2008, Nokia announced the Nokia 5800 XpressMusic, the first device to ship with the new touch-centric S60 5th Edition, known as Symbian^1, the first iteration of the platform since the creation of the Symbian Foundation.
FactSnippet No. 432,661 |
In November 2008 Nokia announced it would end mobile phone sales in Japan because of low market share.
FactSnippet No. 432,662 |
Nokia briefly returned to the computer market with the Booklet 3G netbook in August 2009.
FactSnippet No. 432,663 |
On 11 March 2011 Nokia announced that it had paid Elop a $6 million signing bonus as "compensation for lost income from his prior employer", on top of his $1.
FactSnippet No. 432,664 |
On 11 February 2011, Nokia announced a "strategic partnership" with Microsoft, under which it would adopt Windows Phone 7 as its primary operating system on smartphones, and integrate its services and platforms with its own, including Bing as search engine, and integration of Nokia Maps data into Bing Maps.
FactSnippet No. 432,666 |
Around this time Nokia started a new project codenamed "Meltemi", a platform for low-end smartphones.
FactSnippet No. 432,667 |
On 1 August 2011, Nokia announced that it would adopt a new three-digit naming system for mobile phone products and stop using letters, effectively ending the Nseries, Eseries, and short-lived Cseries.
FactSnippet No. 432,668 |
Nokia last used three-digit names on analogue phones in the 1990s.
FactSnippet No. 432,669 |
Nokia was making gains in developing countries with its Asha series, which were selling strongly.
FactSnippet No. 432,670 |
In September 2013, Nokia announced the sale of its mobile and devices division to Microsoft.
FactSnippet No. 432,671 |
The sale was positive for Nokia to avoid further negative financial figures, as well as for Microsoft's CEO Steve Ballmer, who wanted Microsoft to produce more hardware and turn it into a devices and services company.
FactSnippet No. 432,672 |
Analysts believe that Ballmer pushed for the buyout because of fears that Nokia was close to adopting Android and abandoning their alliance with Microsoft.
FactSnippet No. 432,673 |
Indeed, in January 2014 the Nokia X was introduced which ran on a customised version of Android.
FactSnippet No. 432,674 |
Nokia moved from its headquarters to another building complex located at Karaportti.
FactSnippet No. 432,675 |
Many researchers have concluded that Nokia suffered from deep internal rivalries within the management.
FactSnippet No. 432,676 |
One former Nokia employee claimed that the company was run as a "Soviet-style bureaucracy".
FactSnippet No. 432,677 |
In July 2013, Nokia bought Siemens' stake in the Nokia Siemens Networks joint venture for $2.
FactSnippet No. 432,678 |
Haidamus stated that the Nokia brand was "valuable" but "is diminishing in value, and that's why it is important that we reverse that trend very quickly, imminently".
FactSnippet No. 432,679 |
Nokia took aggressive steps to revitalize itself, evident through its hiring of software experts, testing of new products and seeking of sales partners.
FactSnippet No. 432,681 |
On 28 July 2015, Nokia announced OZO, a 360-degrees virtual reality camera, with eight 2K optical image sensors.
FactSnippet No. 432,682 |
The division behind the product, Nokia Technologies, claimed that OZO would be the most advanced VR film-making platform.
FactSnippet No. 432,683 |
On 14 April 2015, Nokia confirmed that it was in talks with the French telecommunications equipment company Alcatel-Lucent regarding a potential merger.
FactSnippet No. 432,684 |
The next day, Nokia announced that it had agreed to purchase Alcatel-Lucent for €15.
FactSnippet No. 432,685 |
On 3 August 2015, Nokia announced that it had reached a deal to sell its Here digital maps division to a consortium of BMW, Daimler AG and Volkswagen Group for €2.
FactSnippet No. 432,686 |
On 26 April 2016, Nokia announced its intent to acquire French connected health device maker Withings for US$191 million.
FactSnippet No. 432,687 |
Nokia was integrated into a new Digital Health unit of Nokia Technologies.
FactSnippet No. 432,688 |
Nokia later wrote off the cost of the acquisition and in May 2018 the health unit was sold back to Eric Carreel, a Withings co-founder and former CEO.
FactSnippet No. 432,689 |
On 18 May 2016, Microsoft Mobile sold its Nokia-branded feature phone business to HMD Global, a new company founded by former Nokia executive Jean-Francois Baril, and an associated factory in Vietnam to Foxconn's FIH Mobile subsidiary.
FactSnippet No. 432,690 |
In January 2018, Nokia signed a deal with NTT Docomo, Japan's largest mobile operator, to provide 5G wireless radio base stations in the country by 2020.
FactSnippet No. 432,693 |
The study, made by Counterpoint Research, found that 96 percent of Nokia phones were either sent with or updated to the latest Android version since Pie was released in 2018.
FactSnippet No. 432,694 |
Nokia's competitors were found to be all around roughly the 80 percent range.
FactSnippet No. 432,695 |
Later that month, Nokia completed the acquisition of Elenion Technologies, a U S -based company focusing on silicon photonics technology to improve economics of advanced optical connectivity products.
FactSnippet No. 432,696 |
Nokia has played a very large role in the economy of Finland, and it is an important employer in the country, working with multiple local partners and subcontractors.
FactSnippet No. 432,697 |
Nokia Networks provides wireless and fixed network infrastructure, communications and networks service platforms and professional services to operators and service providers.
FactSnippet No. 432,698 |
In July 2013, Nokia bought back all shares in Nokia Siemens Networks for a sum of US$2.
FactSnippet No. 432,699 |
Nokia Technologies provides public participation in its development through the Invent with Nokia program.
FactSnippet No. 432,700 |
In November 2014, Nokia Technologies launched its first product, the Nokia N1 tablet computer.
FactSnippet No. 432,701 |
In July 2015, Nokia Technologies introduced a VR camera called OZO, designed for professional content creators and developed in Tampere, Finland.
FactSnippet No. 432,702 |
Nokia had previously promoted innovation through venture sponsorships dating back to 1998 with Nokia Venture Partners, which was renamed BlueRun Ventures and spun off in 2005.
FactSnippet No. 432,703 |
Nokia has no investment in the company but retains some input in the development of its devices.
FactSnippet No. 432,704 |
Control and management of Nokia is divided among the shareholders at a general meeting and the Nokia Group Leadership Team, under the direction of the board of directors (right).
FactSnippet No. 432,705 |
On 25 November 2019, Nokia announced that it would discontinue the role of Chief Operating Officer and distribute its functions to other company leaders.
FactSnippet No. 432,706 |
Nokia is a public limited liability company and is the oldest company listed under the same name on the Helsinki Stock Exchange, beginning in 1915.
FactSnippet No. 432,707 |
Nokia has had a secondary listing on the New York Stock Exchange since 1994.
FactSnippet No. 432,708 |
Nokia shares were delisted from the London Stock Exchange in 2003, the Paris Stock Exchange in 2004, the Stockholm Stock Exchange in 2007 and the Frankfurt Stock Exchange in 2012.
FactSnippet No. 432,709 |
In 2007, Nokia had a market capitalization of €110 billion; by 17 July 2012 this had fallen to €6.
FactSnippet No. 432,710 |
In 1992, Nokia adopted values that were defined with the key words respect, achievement, renewal and challenge.
FactSnippet No. 432,711 |
Nokia introduced its "Connecting People" advertising slogan in 1992, coined by Ove Strandberg.
FactSnippet No. 432,713 |
In July 2009, Nokia began to experience a boycott of their products and services in Iran.
FactSnippet No. 432,714 |
In 2009, Nokia heavily supported a law in Finland that allows companies to monitor their employees' electronic communications in cases of suspected information leaking.
FactSnippet No. 432,715 |
Nokia denied rumors that the company had considered moving its head office out of Finland if laws on electronic surveillance were not changed.
FactSnippet No. 432,716 |
Nokia went on to ask the court to ban all U S imports of the Apple products, including the iPhone, Macintosh and iPod.
FactSnippet No. 432,718 |
In June 2011, Apple settled with Nokia and agreed to an estimated one time payment of $600 million and royalties to Nokia.
FactSnippet No. 432,719 |
In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including Nokia, of being connected to forced Uyghur labor in Xinjiang.
FactSnippet No. 432,720 |