Friday, 10 May 2013
Nokia
Nokia Corporation[3] (Finnish: Nokia Oyj, Swedish: Nokia Abp; Finnish pronunciation: [ˈnokiɑ], English /ˈnɒkiə/) (OMX: NOK1V, NYSE: NOK) is a
Finnish multinational communications and information technology corporation that is headquartered in Keilaniemi, Espoo, Finland.[4] Its principal
products are mobile telephones and portable IT devices. It also offers Internet services including applications, 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]
Nokia has around 101,982 employees across 120 countries, sales in more than 150 countries and annual revenues of around €30 billion.[2] It is the world's
second-largest mobile phone maker by 2012 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 it has suffered a declining market share as a
result of the growing use of smartphones from other vendors, principally the Apple iPhone and devices running on Google's Android operating system. As a result,
its share price has fallen from a high of US$40 in late 2007 to under US$2 in mid-2012.[10][11] Since February 2011, Nokia has had a strategic partnership with
Microsoft, as part of which all Nokia smartphones will incorporate Microsoft's Windows Phone operating system (replacing Symbian). Since then previously increasing
smartphone sales have been collapsing[12] and the previously profitable smart devices business unit went loss-making.[13][2]
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