Nokia Corporation is a Finnish multinational communications and information technology corporation (originally a paper mill) based in Helsinki, Finland. Its main products are mobile phones and portable IT devices. It also offers Internet services, including apps, games, music, media and messaging, as well as free digital map information and navigation through its subsidiary Navteq. Nokia has a joint venture with Siemens, Nokia Siemens Networks, which provides telecommunications network equipment and services.
Nokia has approximately 101,982 employees in 120 countries, sales in more than 150 countries and annual revenue of around € 30 billion. It is the second largest mobile phone manufacturer in the world until 2012 (after Samsung) with a 22.5% global market share in the first quarter of the same year. Nokia is a joint stock company listed on the Helsinki Stock Exchange and the New York Stock Exchange. It is the 143rd largest company in the world, measured by revenue in 2011 according to the Fortune Global 500 .
Nokia was the largest retailer of mobile phones in the world from 1998 to 2012. However, over the past five years, market share has been declining due to the increasing use of third-party smartphones, most notably the Apple iPhone and devices running Google’s Android operating system. As a result, its share price fell from a high of $ 40 at the end of 2007 to less than $ 2 in mid-2012. Since February 2011, Nokia has a strategic partnership with Microsoft to include all Nokia smartphones to include Microsoft's Windows Phone operating system (which will replace Symbian). Since then, increasing smartphone sales have plummeted and the previously lucrative smart device business unit has been losing ground.
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