Nokia Corporation (Finnish pronunciation: [ˈnɔkiɑ]) (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.[2] Nokia is engaged in the
manufacturing of mobile devices and in converging Internet and communications industries, with
over 132,000 employees in 120 countries, sales in more than 150 countries and global annual
revenue of over €42 billion and operating profit of €2 billion as of 2010.[1] It is the world's largest
manufacturer of mobile telephones: its global device market share was 31% in the fourth quarter
2010, up from an estimated 30% in third quarter of 2010 but down from an estimated 35% in the
fourth quarter of 2009. Nokia's estimated share of the converged mobile device market was 31%
in the fourth quarter, compared with 38% in the third quarter 2010.[1] 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 subsidiary Nokia Siemens Networks produces
telecommunications network equipment, solutions and services.[3] Nokia is also engaged in
providing free digital map information and navigation services through its wholly-owned
subsidiary Navteq.[4] Nokia also has greater dependency on England based company duo namely
Symbian Coorporation for its mobile operating systems and OVI for its mobile based application
softwares development and distribution. Which have made nokia as highest selling mobile phone
vendor within the last few years.
Nokia has sites for research and development, manufacture and sales in many countries
throughout the world. As of December 2010, Nokia had R&D presence in 16 countries and
employed 35,870 people in research and development, representing approximately 27% of the
group's total workforce.[1] The Nokia Research Center, founded in 1986, is Nokia's industrial
research unit consisting of about 500 researchers, engineers and scientists.[5][6] It has sites in
seven countries: Finland, China, India, Kenya, Switzerland, the United Kingdom and the United
States.[7] Besides its research centers, in 2001 Nokia founded (and owns) INdT – Nokia Institute
of Technology, a R&D institute located in Brazil.[8] Nokia operates a total of 4 key
manufacturing areas[9] located at Salo, Finland; Beijing and Dongguan , China; and Masan, South
Korea.[10][11] Nokia's industrial design department is headquartered in Soho in London, UK with
significant satellite offices in Helsinki, Finland and Calabasas, California in the USA.
Nokia is a public limited liability company listed on the Helsinki, Frankfurt, and New York stock
exchanges.[9] Nokia plays a very large role in the economy of Finland; it is by far the largest
Finnish company, accounting for about a third of the market capitalization of the Helsinki Stock
Exchange (OMX Helsinki) as of 2007, a unique situation for an industrialized country.[12] It is an
important employer in Finland and several small companies have grown into large ones as its
partners and subcontractors.[13] Nokia increased Finland's GDP by more than 1.5% in 1999 alone.
In 2004 Nokia's share of the Finnish GDP was 3.5% and accounted for almost a quarter of
Finland's exports in 2003.[14]
In recent years, Finns have consistently ranked Nokia as one of the best Finnish brands. In 2008,
it was the 27th most respected brand among Finns, down from sixth place in 2007.[15] The Nokia
brand, valued at $29.5 billion, is listed as the eight most valuable global brand in the
Interbrand/BusinessWeek Best Global Brands list of 2010 (first non-US company).[16][17] It is the
number one brand in Asia (as of 2007)[18] and Europe (as of 2009),[19] the 41st most admirable
company worldwide in Fortune's World's Most Admired Companies list of 2010 (third in
Network and Other Communications Equipment, seventh non-US company),[20] and the world's
120th largest company as measured by revenue in Fortune Global 500 list of 2010.[21] As of
2010, AMR Research ranks Nokia's global supply chain number nineteen in the world.[22] In July
2010, Nokia announced that their profits had dropped 40%.[23] In the global smartphone rivalry,
Nokia dominates the worldwide mobile markets, but remains fragile in the United States.[24][25][26]
On 11 February 2011, Nokia announced a partnership with Microsoft which will mean most
future Nokia smart phones will be powered by the Windows Phone 7 operating system.