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Nokia Corporation

Nokia is a Finnish multinational telecommunications company headquartered in Espoo, Finland. It is the world's largest manufacturer of mobile phones, holding a 23% global market share in 2011. Nokia produces mobile devices, including smartphones, that run on operating systems like GSM, CDMA, Windows Phone and Symbian. It also provides digital map and navigation services through its subsidiary Navteq. While Nokia was very profitable in the past, it has struggled recently, reporting a 40% drop in profits in 2010 and an operating loss in 2011, as it fell to third place globally in the smartphone market behind Samsung and Apple.

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48 views1 page

Nokia Corporation

Nokia is a Finnish multinational telecommunications company headquartered in Espoo, Finland. It is the world's largest manufacturer of mobile phones, holding a 23% global market share in 2011. Nokia produces mobile devices, including smartphones, that run on operating systems like GSM, CDMA, Windows Phone and Symbian. It also provides digital map and navigation services through its subsidiary Navteq. While Nokia was very profitable in the past, it has struggled recently, reporting a 40% drop in profits in 2010 and an operating loss in 2011, as it fell to third place globally in the smartphone market behind Samsung and Apple.

Uploaded by

farzanadeep
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Nokia Corporation (Finnish pronunciation: [nki]) (OMX: NOK1V, NYSE: NOK, FWB: NOA3) is a Finnish multinational communications corporation

that is headquartered in Keilaniemi, Espoo, a city neighbouring Finland's capital Helsinki. Nokia manufactures mobile electronic devices, mostly mobile telephones and other devices related to communications, and in converging Internet and communications industries, with 130,000 employees in 120 countries, sales in more than 150 countries and global annual revenue of over 38 billion and operating loss of 1 [1] billion as of 2011. It was the world's largest manufacturer of mobile phones in 2011, with global device market share of 23% in the second [3] quarter. Nokia produces mobile devices for every major market segment and protocol, including GSM, CDMA, and W-CDMA (UMTS). Nokia offers Internet services such as applications, games, music, maps, media and messaging through its Ovi platform. Nokia's joint venture [4] with Siemens, Nokia Siemens Networksproduces telecommunications network equipment, solutions and services. Nokia also provides free-ofcharge digital map information and navigation services through its wholly owned subsidiary Navteq.[5] Nokia is a public limited-liability company listed on the Helsinki, Frankfurt, and New York stock exchanges, and plays a very large role in [7] the economy of Finland, accounting for about a third of the market capitalization of the Helsinki Stock Exchange (OMX Helsinki) in 2007. The Nokia brand, valued at $25 billion, is listed as the 14th most valuable global brand in the Interbrand/BusinessWeek Best Global Brands list of [8] [9] 2011. It is the 14th ranked brand corporation in Europe (as of 2011), the 8th most admirable Network and Other Communications [10] Equipment company worldwide in Fortune's World's Most Admired Companies list of 2011, and the world's 143th largest company as [11] measured by revenue in Fortune Global 500 list of 2011. In July 2010, Nokia reported a drop in profits by 40%,[12] which turned into an [13] [14] operating loss of 487 million in Q2 2011. In the global smartphone rivalry, Nokia held the 3rd place in 2Q2011, trailing [15][16] behind Samsung and Apple. On 11 February 2011 Nokia announced a partnership with Microsoft; all Nokia smartphones introduced since then were to run under Microsoft's Windows Phone (WP)operating system. On 26 October 2011 Nokia unveiled its first Windows Phone handsets, the WP7.5 Lumia 710 and 800.[17]
[6] [2]

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