Essay On Nokia

995 Words4 Pages
INTRODUCTION
Nokia is a Finland multinational communications and information technology company. Headquarter of Nokia is located in Espoo, Uusimaa, in the greater Helsinki metropolitan area. In 2014, it employed 61,656 people across 120 countries, conducts sales in more than 150 countries and reported annual revenues of €12.73 billion. It is a public limited-liability company listed on the Helsinki Stock Exchange and New York Stock Exchange. According to Fortune Global 500 it is the world's 274th-largest company measured by 2013 revenues.
It currently focuses on large-scale telecommunications infrastructures, technology development and licensing. It is one of the major contributor to the mobile telephony industry, having assisted in development
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NSN has become a leading global provider of telecommunications infrastructure, which focus on offering innovative mobile broadband technology and services.
In 2011, Nokia joined with Microsoft to strengthen its position in the highly competitive smartphone market. Nokia adopted the Windows Phone OS for smart devices and through their strategic partnership Nokia and Microsoft set about establishing an alternative ecosystem to rival iOS and Android. In 2011, Nokia made number of changes to its operations and company culture in the course of two years lead to shortened product development times, improved product quality and better responsiveness to market demand.
In 2013, Nokia moved to reinvent itself with two transformative transactions. The first was the purchase of Siemens’ stake in NSN, which was nearing the end of a deep restructuring and remarkable transformation. The second was the announcement of the sale of substantially all of Nokia’s Devices & Services business to Microsoft. The Microsoft transaction was originally announced on September 3, 2013 and was completed on April 25,

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