 | |
| Type | Public – Oyj (OMX: NOK1V, NYSE: NOK, FWB: NOA3) |
|---|---|
| Industry | Telecommunications Internet Computer software |
| Founded | Tampere, Finland (1865) incorporated in Nokia (1871) |
| Founder(s) | Fredrik Idestam Leo Mechelin |
| Headquarters | Espoo, Finland |
| Area served | Worldwide |
| Key people | Jorma Ollila (Chairman) Stephen Elop (President & CEO) Timo Ihamuotila (CFO) Kai Öistämö (CDO) |
| Products | Mobile phones Smartphones Mobile computers Networks (See products listing) |
| Services | Maps and navigation, music, messaging and media Software solutions (See services listing) |
| Revenue | €42.45 billion (2010) |
| Operating income | €2.070 billion (2010) |
| Net income | €1.850 billion (2010) |
| Total assets | €39.12 billion (end 2010) |
| Total equity | €16.23 billion (end 2010) |
| Employees | 132,430 (end 2010) |
| Divisions | Mobile Solutions Mobile Phones Markets |
| Subsidiaries | Nokia Siemens Networks Navteq Symbian Vertu Qt Development Frameworks |
| Website | Nokia.com |
Nokia has sites for research and development, manufacture and sales in many countries throughout the world. As of December 2010, Nokia had R&D presence in 16 countries and employed 35,870 people in research and development, representing approximately 27% of the group's total workforce. The Nokia Research Center, founded in 1986, is Nokia's industrial research unit consisting of about 500 researchers, engineers and scientists. It has sites in seven countries: Finland, China, India, Kenya, Switzerland, the United Kingdom and the United States. Besides its research centers, in 2001 Nokia founded (and owns) INdT – Nokia Institute of Technology, a R&D institute located in Brazil. Nokia operates a total of 9 manufacturing facilities located at Salo, Finland; Manaus, Brazil; Cluj, Romainia; Beijing and Dongguan , China; Komárom, Hungary; Chennai, India; Reynosa, Mexico; and Masan, South Korea. Nokia's industrial design department is headquartered in Soho in London, UK with significant satellite offices in Helsinki, Finland and Calabasas, California in the USA.
Nokia is a public limited liability company listed on the Helsinki, Frankfurt, and New York stock exchanges. Nokia plays a very large role in the economy of Finland; it is by far the largest Finnish company, accounting for about a third of the market capitalization of the Helsinki Stock Exchange (OMX Helsinki) as of 2007, a unique situation for an industrialized country. It is an important employer in Finland and several small companies have grown into large ones as its partners and subcontractors. Nokia increased Finland's GDP by more than 1.5% in 1999 alone. In 2004 Nokia's share of the Finnish GDP was 3.5% and accounted for almost a quarter of Finland's exports in 2003.
In recent years, Finns have consistently ranked Nokia as one of the best Finnish brands. In 2008, it was the 27th most respected brand among Finns, down from sixth place in 2007. The Nokia brand, valued at $29.5 billion, is listed as the eight most valuable global brand in the Interbrand/BusinessWeek Best Global Brands list of 2010 (first non-US company). It is the number one brand in Asia (as of 2007) and Europe (as of 2009), the 41st most admirable company worldwide in Fortune's World's Most Admired Companies list of 2010 (third in Network and Other Communications Equipment, seventh non-US company), and the world's 120th largest company as measured by revenue in Fortune Global 500 list of 2010. As of 2010, AMR Research ranks Nokia's global supply chain number nineteen in the world. In July 2010, Nokia announced that their profits had dropped 40%. In the global smartphone rivalry, Nokia dominates the worldwide mobile markets, but remains fragile in the United States.
