NOKIA COMPANY BACKGROUND Company Information Nokia Corporation (Nokia) is player in mobile industry.

The Company makes a range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Nokia also provides equipment, solutions and services for communications networks through Nokia Siemens Networks. From January 1, 2004 through March 31, 2007, Nokia had four business groups: Mobile Phones, Multimedia, Enterprise Solutions and Networks, supported and serviced by two horizontal groups: Customer and Market Operations and Technology Platforms, in addition to various Corporate Functions. In June 2008, Nokia completed the transfer of its Adaptation Software Research and Development (R&D) operations to Sasken Communication Technologies Limited. In June 2008, Nokia completed the acquisition of Trolltech ASA. In July 2008, Nokia Corporation completed the acquisition of NAVTEQ Corporation, and Plazes, a privately owned start-up company.

History The roots of Nokia go back to the year 1865 with the establishment of a forest industry enterprise in Nokia, Finland by mining engineer Fredrik Idestam. Elsewhere, the year 1898 witnessed the foundation of Finnish Rubber Works Ltd, and in 1912 Finnish Cable Works began operations. Gradually, the ownership of these three companies shifted into the hands of just a few owners, and in 1967 the three companies were merged to form the Nokia Corporation. At the beginning of the 1980s, Nokia strengthened its position in the telecommunications and consumer electronics markets through the acquisitions of Mobira, Salora, Televa and Luxor of Sweden. In 1987, Nokia acquired the consumer electronics operations and part of the component business of the German Standard Electric Lorenz, as well as the French consumer electronics company Oceanic. In 1987, Nokia also purchased the Swiss cable machinery company Maillefer. Nokia Corporation (Finnish pronunciation: [noki], English /nki/) (OMX: NOK1V, NYSE: NOK, FWB: NOA3) is a Finnish multinational communications corporation headquartered in Keilaniemi, Espoo, Finland.[3] Its principal products are mobile electronic devices, primarily mobile telephones and other communications devices. It also offers Internet services including applications, games, music, maps, media and messaging through its Ovi platform, and free-ofcharge digital map information and navigation services through its wholly owned subsidiary Navteq.[4] Nokia has a joint venture with Siemens, Nokia Siemens Networks, which provides telecommunications network equipment, solutions and services.[5] Nokia has around 124,800 employees across 120 countries, sales in more than 150 countries and annual revenues of around 38 billion.[1] As of 2012 it is the world's second-largest mobile

phone maker by unit sales (after Samsung), with a global market share of 22.5% in the first quarter.[6] Nokia is a public limited-liability company listed on the Helsinki, Frankfurt, and New York stock exchanges.[7] It is the world's 143rd-largest company measured by 2011 revenues according to the Fortune Global 500.[8] Nokia was the world's largest vendor of mobile phones from 1998 to 2012.[6] However, over the past five years it has suffered declining market share as a result of the growing use of smartphones, 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 2007 to under US$3 in 2012.[9][10] 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). Nokia unveiled its first Windows Phone handsets, the Lumia 710 and 800, in October 2011.[11]