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Nokia - Statistics & Facts

Nokia is a Finnish communication and information technology company. Founded in 1865, the company is headquartered in Espoo and employs more than 98,000 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 2012. Due to its slow adaption 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.

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 2019, Nokia's Networks Business is the most revenue-generatingbusiness segment of Nokia. The company was also involved in cloud computing and mapping applications. In 2008, Nokia purchased Here, a company that focuses on mapping data, technologies and services based on cloud-computing. In 2015, Nokia sold Here to Audi, BMW and Daimler. In 2016, Nokia purchased a majority stake in French telecommunications equipment company Alcatel-Lucent.

As of 2020, Nokia is one of the leading telecom infrastructure companies. Nokia’s main competitors in this market are Huawei, Cisco, Ericsson and Qualcomm. Huawei and Ericsson are also Nokia’s main competitors in the service provider network market. As of June 2019, Nokia’s share of the market was 16.1 percent. Nokia is also a major player in the IT network market. North America is Nokia’s most important regional market followed by Europe and the Asia Pacific region.

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Nokia

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