This text provides a historical overview of Nokia, beginning with its founding in 1865 as a paper mill operator in Finland. It traces the company's evolution into various industries, including telecommunications, where it became a major player in the mobile phone market. The summary also highlights key moments in Nokia's history, such as the introduction of iconic phones like the Nokia 3310 and its later struggles to adapt to the smartphone era. Ultimately, the text emphasizes Nokia's significant impact on the mobile phone industry, despite its eventual decline.
Sure, here are the key facts extracted from the provided text:
1. Nokia was founded in 1865 by a Finnish mining engineer named Frederick Idestam.
2. The company started as a paper mill operator in Tampere, Finland.
3. The name "Nokia" was inspired by the nearby Nokianvirta River.
4. Nokia initially manufactured paper products and expanded into electricity business after World War I.
5. Nokia became one of the world's top exporters due to economic relations with Scandinavian and Western countries.
6. Nokia focused on acquisitions to drive growth within Finland, merging with Finnish Rubber Works and Finnish Cable Works.
7. In 1967, Nokia Corporation was formed through the merger of three different companies.
8. Nokia produced various products including rubber boots, car tires, cables, and televisions.
9. In 1992, Nokia launched its first GSM phone, the Nokia 1011, which was a landmark in the mobile phone industry.
10. Nokia's revenue grew significantly during the late 1990s and early 2000s, reaching 31 billion euros.
11. Nokia introduced its first camera phone, the Nokia 7650, in 2001, and its first 3G phone, the Nokia 6650, in 2002.
12. Nokia faced challenges with the rise of competitors like Apple and Blackberry and had to lay off employees in 2009.
13. In 2011, Nokia partnered with Microsoft and introduced Lumia smartphones, but it faced criticism for bulky designs.
14. Microsoft eventually acquired Nokia in 2014.
15. The Nokia tune, used in Nokia phones, originated from a guitar tune recorded by Spanish guitarist Francisco Tárrega.
16. Nokia released its own set of emojis, including the iconic Nokia 3310 emoji.
17. Nokia avoided naming its phones starting with the number four due to superstitions in Asia.
18. Nokia became known for its SMS tones, which were thought to be Morse code for connecting people.
19. The Nokia Mobira Talkman, the company's first handheld phone, is now considered valuable.
20. The Nokia 1100 became the world's top-selling mobile phone and consumer electronic in May 2007.
These facts provide a concise overview of Nokia's history and significant milestones without including opinions.