Nokia Corporation also known as NOKIA is a Finnish multinational communications and information technology company, founded in 1865. The company has had various industries in its 151-year history. It was founded as a pulp mill. Dating back to 1865 when Fredrik Idestam, a mining engineer, created a Pulp mill near the town of Tampere, Finland and now focuses on large-scale telecommunications infrastructures, and technologies. A second pulp mill was created in 1868 near the town of Nokia, itself nearby Tampere. In 1871, Idestam together with friend Leo Michelin formed a shared company and called it Nokia, after the town of the second pulp mill. For the next 90 years, Nokia on its own would be a forest and power industry company, with activities such as electricity generation.
Nokia is also a major contributor to the mobile telephony industry, having assisted in development of the GSM and LTE standards, and was, for a period, the largest vendor of mobile phones in the world. Later on, competition heated up, the Symbian platform that Nokia were using was quickly became outdated and difficult for developers after the advent of iPhone OS and Android. To counter this, Nokia started to develop a successor, MeeGo, in 2010. It got to a point when Nokia’s glory days were largely due to the fact that the global demand surge for mobile handsets was something leading consumer electronics firms like Apple, Siemens, Sony and Philips could not foresee. So Nokia ended up competing with two lumbering, erratic messes called Ericsson and Motorola. In the halcyon days before true competition from Apple and Samsung arrived, Nokia delivered what seemed like a dazzling series of innovative breakthroughs. Its global market share soared from 10% to above 30% in a matter of years as Nokia cracked tough markets like China and Brazil with astonishing ease.
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