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Nokia Oyj
TypePublic stock company
Q11894840 Edit this on Wikidata
Founded12 May 1865; 158 years ago (1865-05-12) in Tampere, Grand Duchy of Finland
Area served
Key people
ProductsList of Nokia products
Revenue23,614,000,000 euro (2016) Edit this on Wikidata
−1,100,000,000 euro (2016) Edit this on Wikidata
−927,000,000 euro (2016) Edit this on Wikidata
Total assets39,517,000,000 euro (2018) Edit this on Wikidata
Number of employees
102,761 (2017)
Footnotes / references

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

History[change | change source]

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. [3] 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[change | change source]

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.[4][5] 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[6] made in 2000.

Medio[change | change source]

Medio is a American company engaged in predictive analysis services and software development. Founded in 2004, It has been owned by Nokia since 2014.[7][8][9]

References[change | change source]

  1. "Nokia" (in Finnish). Archived from the original on 10 May 2013. Retrieved 2 March 2013.
  2. "Report for Q4 and Full Year 2017" (PDF). Nokia Corporation. 1 February 2018. Archived from the original (PDF) on 4 February 2018. Retrieved 3 February 2018.
  3. "History of Nokia". Archived from the original on 26 December 2010. Retrieved 4 January 2011.
  4. Upbin, Bruce (2 October 2007). "Nokia Redraws The Map". Forbes. Retrieved 17 October 2017.
  5. Wauters, Robin. "Nokia Integrates NAVTEQ With New 'Location & Commerce' Business, Closes Accenture Outsourcing Deal". TechCrunch. Retrieved 17 October 2017.
  6. "Nokia 3310 makes a comeback in Singapore". The New Paper. 29 September 2017. Retrieved 17 October 2017.
  7. "On high-tech's frontier: Engineering grad Lent shares story". University of Nevada, Reno. Retrieved 4 May 2022.
  8. "IBM powers Seattle's Medio Systems in the cloud". Retrieved 9 May 2022.
  9. "Nokia acquires mobile analytics company Medio for 'Here' location platform". GeekWire. 12 June 2014. Retrieved 4 May 2022.