FACTS OF THE WEEK
13th January 2017
Nokia stylised as NOKIA, is Finnish multinational communications and information technology company, founded in 1865. Nokia is headquartered in Espoo, Uusimaa, in the greater Helsinki metropolitan area. In 2014, Nokia employed 61,656 people across 120 countries, did business in more than 150 countries and reported annual revenues of around €12.73 billion.
It is the world’s 274th-largest company measured by 2013 revenues according to the Fortune Global 500 and is a component of the Euro Stoxx 50 stock market index. Nokia eventually entered into a pact with Microsoft in 2011 to exclusively use its Windows Phone platform on future smartphones. Its mobile phone business was eventually bought by Microsoft in an overall deal totaling $7.17 billion.Stephen Elop, Nokia’s former CEO, and several other executives joined the new Microsoft Mobile subsidiary of Microsoft as part of the deal, which was completed on 25 April 2014.
There are innumerable facts about this former tech giant. Today I will be showcasing a few of them:
- Nokia originally started off as a paper production company in 1865 in Finland.
- The infamous ringtone “Nokia tune” is actually based on a 19th-century guitar work named “Gran Vals” by a Spanish musician, Francisco Tárrega.
- Before moving their business into electronics in 1960, Nokia Company expanded to working with rubber, electricity, and cables.
- The world’s first commercial GSM call was made in 1991 in Helsinki over a Nokia-supplied network, by Prime Minister of Finland Harri Holkeri, using a Nokia phone.
- According to the Fortune list 2006 survey, Nokia was the 20th most Admirable company in the World.
- The world’s first satellite call was made in 1994, using a Nokia GSM handset.
- Nokia sold 7.4 million Lumia smartphones in the second quarter of 2013.
- It sold about 126 million pieces of the most popular black & white model Nokia 3310 and Nokia 3330.
- Nokia manufactures about 210 million handsets each year which, if calculated, comes to 6.5 phones each second
- Nokia is currently the world’s largest digital camera manufacturer, as the sales of its camera-equipped mobile phones have exceeded those of any conventional camera manufacturer.