In 2021, Nokia generated 21.1 billion euros in net sales, an increase from the year before where the company made 21.85 billion euros.
Founded in 1865, Nokia is a Finnish communications and information technology company. Over the years, Nokia has ventured into different markets: Nokia emerged as a global leader in the mobile market in the early days of the mobile and smartphone era. The company also played a key role in the development of GSM (Global System for Mobile Communications) in the late 1980s and early 1990s. Nokia was once the leading mobile phone vendor. However, due to slow adaptation to newer smartphone technologies, Nokia gradually lost its market-leading position to rivals like Samsung and Apple and its mobile business began to lose money.
Nokia’s business evolution
After the sale of its mobile devices division, Nokia focused on the data networking services and telecommunications equipment business through its subsidiary Nokia Networks. As of 2020, Nokia's Networks Business is the most revenue-generating business segment of Nokia. The company has also been involved in cloud computing and mapping applications. As one of the leading telecom infrastructure companies, Nokia faces competition from Huawei, Cisco, Ericsson, and Qualcomm.
Nokia net sales worldwide from 1999 to 2021
(in billion euros)
* In 2013 Nokia sold its devices & services business to Microsoft for 5.44 billion euros. Therefore sales from that segment are no longer part of Nokia's overall revenue. The sales of Nokia in 2012 without the devices and services business were at 15.4 billion euros.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.
Nokia. (February 2, 2022). Nokia net sales worldwide from 1999 to 2021 (in billion euros) [Graph]. In Statista. Retrieved May 27, 2022, from https://www.statista.com/statistics/267819/nokias-net-sales-since-1999/
Nokia. "Nokia net sales worldwide from 1999 to 2021 (in billion euros)." Chart. February 2, 2022. Statista. Accessed May 27, 2022. https://www.statista.com/statistics/267819/nokias-net-sales-since-1999/
Nokia. (2022). Nokia net sales worldwide from 1999 to 2021 (in billion euros). Statista. Statista Inc.. Accessed: May 27, 2022. https://www.statista.com/statistics/267819/nokias-net-sales-since-1999/
Nokia. "Nokia Net Sales Worldwide from 1999 to 2021 (in Billion Euros)." Statista, Statista Inc., 2 Feb 2022, https://www.statista.com/statistics/267819/nokias-net-sales-since-1999/
Nokia, Nokia net sales worldwide from 1999 to 2021 (in billion euros) Statista, https://www.statista.com/statistics/267819/nokias-net-sales-since-1999/ (last visited May 27, 2022)