Nokia

For the town in Finland, see Nokia (town).

Nokia Oyj

Logo since 2023
Main entrance of Nokia's headquarters in Espoo
Company type	Public stock company
Traded as	OMX: NOKIA Euronext: NOKIA NYSE: NOK
Industry	Telecommunications equipment Networking equipment Consumer electronics
Predecessor	Suomen Gummitehdas Suomen Kaapelitehdas
Founded	12 May 1865 (1865-05-12) in Tampere, Grand Duchy of Finland
Founders	Fredrik Idestam Leo Mechelin Eduard Polón
Headquarters	Espoo , Finland
Area served	Worldwide
Key people	Risto Siilasmaa (Chairman) Rajeev Suri (President and CEO) Kristian Pullola (CFO)
Products	List of Nokia products
Operating income	−1,100,000,000 Euro (2016)
Net income	−927,000,000 Euro (2016)
Total assets	39,517,000,000 Euro (2018)
Number of employees	102,761 (2017)
Divisions	Nokia Networks Nokia Technologies
Subsidiaries	Bell Labs Alcatel Mobile NGP Capital Nuage Networks
Website	www.nokia.com
Footnotes / references

Nokia Corporation is a Finnish telecommunications company with its main office in Espoo, a suburb of Helsinki.

History

The company began in 1865 as a wood pulp mill in Finland and began making paper. The paper was sold to Russia, the UK, and France. The company merged with the Finnish Rubber Company which wanted to use its hydroelectricity plant. After World War Two, Nokia bought a large part of the Finnish Cable Works. In 1967, the three companies joined to form the Nokia Group. They began making electronic products, and for a few years early in the 21st century were the world's biggest maker of mobile phones. Some of its phones, such as the Nokia 1100 and 1110, have sold over 250 million units around the world, and a few others, like the Nokia 3210 and Nokia 3310, sold more than 100 million units.

Timeline

The Nokia 1100 is the phone which sold the most units around the world of all-time.

In 2011, Nokia and Microsoft began a partnership which created Nokia Lumia, a series of smartphones that use the Windows Phone operating system and was meant to replace Symbian as the OS on Nokia's smartphones. Not many of these phones were sold and because of this, Nokia was losing money. Finally, in 2013, Microsoft bought out Nokia's mobile phone business, which became a division of Microsoft called Microsoft Mobile. Microsoft continued to make feature phones with the Nokia brand, but began using the Microsoft brand for its Lumia smartphones. Nokia's other phones, including the Nokia X which used Android, were discontinued, or no longer made.

Nokia also bought the mapping company Navteq in 2011, and changed its name to HERE. Its apps were first available only on Windows Phone as part of the company's deal with Microsoft, but they later became available for Android and iOS. HERE was sold to Volkswagen, BMW, and Daimler in 2015.

Also in 2011, Nokia started a music streaming service called MixRadio. It became part of Microsoft Mobile in 2014, was sold to a Japanese company in 2015, and was eventually shut down in 2016.

In 2013, Nokia bought out the share of its telecommunications division that was held by Siemens of Germany, and this division is now known as Nokia Networks. The French company Alcatel-Lucent was bought by Nokia and merged into Nokia Networks early in 2016, which also included taking over the famous Bell Labs.

Microsoft Mobile sold its feature phone business to HMD Global in 2016, which is licensing the Nokia brand for its own phones. They include the Android-based Nokia 3, Nokia 5, and Nokia 6, and a new version of the popular Nokia 3310 made in 2000.

Medio Systems

'Medio Systems is a American company engaged in predictive analysis services and software development. Founded in 2004, It has been owned by Nokia since 2014.