Nokia Corporation, often referred to simply as Nokia, is a Finnish multinational telecommunications and consumer electronics company. It was founded in 1865 as a pulp mill in Nokia, Finland. Over the years, Nokia has undergone several transformations and emerged as a key player in the telecommunications industry. Nokia is listed on the Nasdaq Helsinki and New York Stock Exchange under the ticker symbol "NOK."
Nokia's primary focus is on providing telecommunications equipment and services. It operates in several business segments, including Networks, Nokia Software, Nokia Technologies, and Nokia Bell Labs. The Networks segment is responsible for developing and providing network infrastructure and related services to telecommunication operators worldwide. Nokia Software offers software solutions for various industries, including telecommunications, transportation, and healthcare. Nokia Technologies focuses on developing and licensing innovative technologies, while Nokia Bell Labs is the company's research and development arm.
One of the most noteworthy achievements of Nokia is its past dominance in the mobile phone market. In the late 1990s and early 2000s, Nokia was the world's largest vendor of mobile phones. Its phones were known for their durability, reliability, and user-friendly interfaces. The Nokia 3310, launched in 2000, became an iconic device and was renowned for its long battery life and resilient design.
In recent years, Nokia has shifted its focus to telecommunications infrastructure, particularly 5G networks. The company has made significant investments in research and development to develop advanced technologies and solutions for the telecommunications industry. Nokia's flagship product in this field is its 5G equipment, including base stations, antennas, and software solutions. It aims to provide high-speed, low-latency connectivity to enable the implementation of various emerging technologies such as Internet of Things (IoT), autonomous vehicles, and virtual reality.