Editing Nokia (section)

{{Short description|Finnish multinational corporation}}
{{About|the Finnish telecommunications corporation|the town in Finland|Nokia, Finland|other uses|Nokia (disambiguation)}}
{{Use dmy dates|date=August 2019}}
{{Infobox company
| name = Nokia Corporation
| logo = Nokia 2023.svg
| logo_caption = Logo used since 2023
| image = Midpoint Nokia Karaportti.jpg
| image_size = 260px
| image_caption = Headquarters in [[Espoo]] since September 2019<ref name="Nokia_headoffice">{{cite web | url = https://www.nokia.com/contact-us/ | title = Contact us | language = en | publisher = Nokia | access-date = 17 September 2019}}</ref>
| native_name = Nokia [[Oyj]]
| native_name_lang = fi
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{OMX|HEX24311|NOKIA}}|{{nyse|NOK}} (ADR)|[[OMX Helsinki 25]] component (NOKIA)|{{EuronextParis|NOKIA|FI0009000681|XPAR}}}}
| ISIN = {{ISIN|sl=n|pl=y|FI0009000681}}
| industry = {{unbulleted list|class=nowrap|[[Telecommunications industry|Telecommunications]]|[[Technology company|Technology]]|[[Electronics industry|Electronics]]}}
| predecessors = {{unbulleted list|Nokia Aktiebolag|[[Nokian Footwear|Suomen Kumitehdas Oy]]|[[Kaapelitehdas|Suomen Kaapelitehdas Oy]]|(pre-1967 merger)}}
| founded = {{start date and age|df=yes|1865|5|12}} in [[Tampere]], [[Grand Duchy of Finland]]
| founders = {{unbulleted list|[[Fredrik Idestam]]|[[Leo Mechelin]]|[[Eduard Polón]]}}
| hq_location_city = [[Espoo]]
| hq_location_country = Finland
| area_served = Worldwide
| key_people = {{unbulleted list|[[Sari Baldauf]] ([[Chair (officer)|chairwoman]])|[[Justin Hotard]] ([[President (corporate title)|president]] &{{wbr}}&nbsp;[[Chief executive officer|CEO]])}}
| products = [[List of Nokia products]]
| services = 
| revenue = {{decrease}} {{€|19.22|link=yes}}&nbsp;billion
| revenue_year = 2024
| operating_income = {{increase}} {{€|1.999}}&nbsp;billion
| income_year = 2024
| net_income = {{increase}} {{€|1.284}}&nbsp;billion
| net_income_year = 2024
| assets = {{decrease}} {{€|39.15}}&nbsp;billion
| assets_year = 2024
| equity = {{increase}} {{€|20.66}}&nbsp;billion
| equity_year = 2024
| num_employees = {{decrease}} 78,434
| num_employees_year = 2024
| divisions = {{unbulleted list|[[Nokia Networks]]|[[Nokia Technologies]]}}
| subsid = {{unbulleted list|[[Bell Labs]]|NGP Capital|Nuage Networks|Radio Frequency Systems}}
| website = {{URL|https://nokia.com/}}
| footnotes = <ref name="Nokia Annual Report 2024">{{cite web | url = https://www.sec.gov/ix?doc=/Archives/edgar/data/924613/000092461325000008/nok-20241231.htm | title = Nokia Annual Report 2024 (Form 20-F) | language = en | publisher = [[U.S. Securities and Exchange Commission]] | date = 13 March 2025}}</ref><ref name="YTJ">{{cite web| url= http://www.ytj.fi/yritystiedot.aspx?yavain=20939&kielikoodi=1&tarkiste=FD3B80E3D3656AD15912547886CEFA0227C1A07F&path=1547;1631;1678| title= Nokia| publisher= YTJ.fi| access-date= 2 March 2013| language= fi| url-status=dead| archive-url= https://web.archive.org/web/20130510091035/http://www.ytj.fi/yritystiedot.aspx?yavain=20939&kielikoodi=1&tarkiste=FD3B80E3D3656AD15912547886CEFA0227C1A07F&path=1547;1631;1678| archive-date= 10 May 2013| df= dmy-all}}</ref><ref name="AR2018">{{cite web|url=https://www.nokia.com/sites/default/files/ec1042891_nokia_ar18_en.pdf|title=Report for Q4 and Full Year 2018|publisher=Nokia Corporation|date=21 March 2019|access-date=28 May 2019|archive-date=27 May 2019|archive-url=https://web.archive.org/web/20190527214919/https://www.nokia.com/sites/default/files/ec1042891_nokia_ar18_en.pdf|url-status=dead}}</ref>
}}
'''Nokia Corporation'''<ref>{{cite web |title=Articles of Association of Nokia Corporation |url=https://www.nokia.com/sites/default/files/2018-11/nokia_articles_of_association_2015.pdf |access-date=8 June 2023 |publisher=Nokia Corporation}}</ref>{{efn|Natively Nokia Oyj in Finnish, and Nokia Abp in Swedish. {{IPAc-en|UK|ˈ|n|ɒ|k|i|ə}}, {{IPAc-en|US|ˈ|n|oʊ|k|i|ə}}, {{IPA|fi|ˈnokiɑ|lang}}.}} is a Finnish [[multinational corporation|multinational]] [[telecommunications industry|telecommunications]], [[technology company|information technology]], and [[consumer electronics]] corporation, originally established as a [[pulp mill]] in 1865. Nokia's main headquarters are in [[Espoo]], Finland, in the [[Helsinki metropolitan area]],<ref name="YTJ" /> but the company's actual roots are in the [[Tampere]] region of [[Pirkanmaa]].<ref name="roots">[https://www.hs.fi/kaupunki/art-2000002690780.html HS: Nokian juuret ovat Tammerkosken rannalla] (in Finnish)</ref> In 2020, Nokia employed approximately 92,000 people<ref>{{Cite web|url=https://www.lightreading.com/5g/nokia-has-cut-11000-jobs-in-effort-to-boost-profit/d/d-id/767869|title=Nokia has cut 11,000 jobs in effort to boost profit|first1= Iain|last1=Morris|website=Light Reading}}</ref> across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion.<ref name="AR2018" /> Nokia is a [[public limited company]] listed on the [[Nasdaq Helsinki]] and [[New York Stock Exchange]].<ref name="FAQ">{{cite web|url=http://www.nokia.com/about-nokia/company/faq |title=Nokia&nbsp;– FAQ |publisher=Nokia Corporation |access-date=16 March 2009 |url-status=dead |archive-url=https://web.archive.org/web/20090208110105/http://www.nokia.com/about-nokia/company/faq |archive-date=8 February 2009 }}</ref> It was the world's 415th-largest company measured by 2016 revenues, according to the [[Fortune Global 500|''Fortune'' Global 500]]'','' having peaked at 85th place in 2009.<ref>{{cite web|url=https://www.rankingthebrands.com/The-Brand-Rankings.aspx?rankingID=50&year=57|title=Fortune Global 500 (100) – 2009 (Fortune ) – Ranking The Brands|website=Rankingthebrands.com|access-date=28 March 2019}}</ref> It is a component of the [[Euro Stoxx 50]] [[stock market index]].<ref>{{cite news|url=http://fortune.com/global500/list/|title=''Global 500'' 2016|access-date=24 August 2017|work=Fortune|year=2017|archive-date=10 May 2019|archive-url=https://web.archive.org/web/20190510221016/http://fortune.com/global500/list|url-status=dead}}</ref><ref>{{cite web|url=https://www.stoxx.com/index-details?symbol=SX5E|title=Euro Stoxx 50|website=Boerse-frankfurt.de|access-date=24 August 2017}}</ref>

The company has operated in various industries over the past 150 years. It was founded as a [[pulp mill]] and had long been associated with [[Natural rubber|rubber]] and [[Electrical cable|cables]], but since the 1990s has focused on large-scale [[Telecommunications equipment|telecommunications infrastructure]], technology development, and licensing.<ref name=verge-newnokia>{{cite web|title=This is the new Nokia|url=https://www.theverge.com/2014/11/18/7240077/the-new-nokia|website=The Verge|date=18 November 2014|access-date=23 November 2014}}</ref> Nokia made significant contributions to the [[mobile telephony]] industry, assisting in the development of the [[GSM]], [[3G]], and [[LTE (telecommunication)|LTE]] standards. For a decade beginning in 1998, Nokia was the largest worldwide vendor of [[mobile phone]]s and [[smartphone]]s. In the later 2000s, however, Nokia suffered from a series of poor management decisions and soon saw its share of the mobile phone market drop sharply.

After a partnership with [[Microsoft]] and Nokia's subsequent market struggles,<ref name="BurningPlatform">{{cite news |newspaper=[[The Wall Street Journal]] |url=http://blogs.wsj.com/tech-europe/2011/02/09/full-text-nokia-ceo-stephen-elops-burning-platform-memo/ |archive-url=https://web.archive.org/web/20110211203320/http://blogs.wsj.com/tech-europe/2011/02/09/full-text-nokia-ceo-stephen-elops-burning-platform-memo/ |archive-date=2011-02-11 |title=Full Text: Nokia CEO Stephen Elop's 'Burning Platform' Memo |date=9 February 2011 }}</ref><ref name="Kurri.Story.Meego">{{citation |archive-url=https://web.archive.org/web/20121016192931/http://taskumuro.com/artikkelit/the-story-of-nokia-meego |archive-date=2012-10-16 |url=http://taskumuro.com/artikkelit/the-story-of-nokia-meego |author=Sampsa Kurri |date=2012-10-11 |title=The story of Nokia MeeGo }}</ref><ref>{{cite news |url=https://www.osnews.com/story/26461/the-story-of-nokias-maemo-and-meego/ |publisher=OS News |title=The story of Nokia's Maemo and MeeGo |author=Thom Holwerda |date=2012-10-11}}</ref> in 2014, Microsoft bought Nokia's mobile phone business,<ref name="verge-msnokia">{{cite web|title=Microsoft buys Nokia's Devices and Services Unit, unites Windows Phone 8 and its hardware maker|url=https://www.theverge.com/2013/9/2/4688530/microsoft-buys-nokias-devices-and-services-unit-unites-windows-phone|website=The Verge |date=2 September 2013|access-date=3 September 2013}}</ref><ref name="mswsj-noki">{{cite news|last=Ovide|first=Shira|title=Microsoft in $7.17 Billion Deal for Nokia Cellphone Business|url=https://www.wsj.com/articles/SB10001424127887324432404579051931273019224 |newspaper=The Wall Street Journal|access-date=3 September 2013}}</ref> incorporating it as [[Microsoft Mobile]].<ref>{{cite web|url=http://www.cnet.com/news/microsoft-closes-nokia-deal-pays-more-than-expected/|title=Microsoft closes Nokia deal, pays more than expected|publisher=CNET}}</ref> After the sale, Nokia began to focus more on its telecommunications infrastructure business and on [[Internet of things]] technologies, marked by the divestiture of its [[Here Technologies|Here]] mapping division and the acquisition of [[Alcatel-Lucent]], including its [[Bell Labs]] research organization.<ref>{{cite magazine|url=https://www.wired.com/2014/09/coupland-bell-labs/|title=The Ghost of Invention: A Visit to Bell Labs|first=Douglas|last=Coupland|magazine=Wired}}</ref> The company then also experimented with [[virtual reality]] and [[digital health]], the latter through the purchase of [[Withings]].<ref>{{cite web|url=https://www.cnnmoney.ch/shows/newsmaker/videos/risto-siilasmaa-how-nokia-reinvented-itself|title=How Nokia reinvented itself|website=CNNMoney Switzerland|access-date=28 March 2019|archive-date=24 October 2018|archive-url=https://web.archive.org/web/20181024035505/https://www.cnnmoney.ch/shows/newsmaker/videos/risto-siilasmaa-how-nokia-reinvented-itself|url-status=dead}}</ref><ref>{{cite web
 |url          = http://company.nokia.com/en/news/press-releases/2016/01/14/nokia-celebrates-first-day-of-combined-operations-with-alcatel-lucent/
 |title        = Nokia celebrates first day of combined operations with Alcatel-Lucent
 |publisher    = Nokia
 |access-date  = 15 January 2016
 |archive-url  = https://web.archive.org/web/20160116173207/http://company.nokia.com/en/news/press-releases/2016/01/14/nokia-celebrates-first-day-of-combined-operations-with-alcatel-lucent
 |archive-date = 16 January 2016
 |url-status   = dead
 |df           = dmy-all
}}</ref><ref>{{cite web|url=http://company.nokia.com/en/news/press-releases/2016/04/26/nokia-plans-to-acquire-withings-to-accelerate-entry-into-digital-health|title=Nokia plans to acquire Withings to accelerate entry into Digital Health|date=26 April 2016|access-date=1 June 2016|archive-url=https://web.archive.org/web/20160519223456/http://company.nokia.com/en/news/press-releases/2016/04/26/nokia-plans-to-acquire-withings-to-accelerate-entry-into-digital-health|archive-date=19 May 2016|url-status=dead}}</ref><ref>{{cite web|url=https://www.zdnet.com/article/mobile-phones-are-our-history-not-our-future-nokia-on-where-next-for-hardware/|title='Mobile phones are our history, not our future': Nokia on where next for hardware|first=Jo|last=Best|publisher=ZDNet|access-date=28 March 2019}}</ref> The Nokia brand returned to the mobile and smartphone market in 2016 through a licensing arrangement with [[HMD Global|HMD]].<ref>{{Cite web|last=Scott Barr|first=Chris|date=18 May 2016|title=Microsoft sells Nokia brand use to Foxconn and HMD global|url=https://www.slashgear.com/microsoft-sells-nokia-brand-to-foxconn-and-hmd-global-18440501/|access-date=16 May 2017|website=|publisher=SlashGear}}</ref> Nokia continues to be a major [[patent]] licensor for most large mobile phone vendors.<ref>{{cite web|url=https://filinganalytics.io/2018/05/24/nokias-key-to-success-a-strong-portfolio-combined-with-aggressive-licensing/|title=Nokia's key to success: A strong portfolio combined with aggressive licensing – Filing Analytics|website=Filinganalytics.io|access-date=28 March 2019}}</ref> {{as of|2018|post=,}} Nokia is the world's third-largest network equipment manufacturer.<ref>{{cite web|url=https://uk.reuters.com/article/uk-telecoms-networks-ericsson-idUKKCN1L80WV|archive-url=https://web.archive.org/web/20190328184729/https://uk.reuters.com/article/uk-telecoms-networks-ericsson-idUKKCN1L80WV|url-status=dead|archive-date=28 March 2019|title=Ericsson, Samsung gain share in network gear as ZTE slumps|date=23 August 2018|access-date=28 March 2019|website=Reuters.com}}</ref>

The company was viewed with [[Patriotism|national pride]] by [[Finns]], as its mobile phone business made it by far the largest worldwide company and brand from Finland.<ref>{{cite web|url=https://www.theguardian.com/technology/2013/sep/04/nokia-finland-microsoft-startups|title=Nokia: Finland mourns the demise of its proud tech heritage|first=Antti|last=Vilpponen|date=4 September 2013 |newspaper=The Guardian}}</ref> At its peak in 2000, Nokia accounted for 4% of the country's [[Gross domestic product|GDP]], 21% of total exports, and 70% of the [[Nasdaq Helsinki]] market [[Financial capital|capital]].<ref>{{cite magazine|url=https://www.wired.co.uk/article/finland-and-nokia|title=Finland and Nokia: an affair to remember|first=Gordon|last=Kelly|magazine=Wired UK}}</ref><ref>{{cite web|url=http://www.livemint.com/Companies/PwBwCojcrsb9gITrCWCdlM/Finland-mourns-loss-of-national-icon-Nokia.html|title=Finland mourns loss of national icon Nokia|last=Bloomberg|date=4 September 2013}}</ref>{{coord|60.225|24.756|type:landmark|display=title}}