Nokia is a Finnish communications and information technology company. Founded in 1865, the company is headquartered in Espoo and employs close to 88,000 people. 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 the leading mobile phone vendor in the world up to early 2011. Due to its 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. In 2013, Nokia sold its phone business to Microsoft.
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Research expert covering the global hardware industry