The Information Technology 100
The world's leading mobile-phone maker looked wobbly in the first half of 2004. A stale product portfolio and ill-conceived designs cost it a stunning six points of market share in the first quarter. But the Finnish giant moved fast to shore up its position, especially in the important mid-market, and ended the year with revenues off just 1%, for a total of $35.95 billion.
Nokia rolled out a half-dozen clamshell phones and continued its push into such multimedia gizmos as camera phones, game players, and music devices. That propelled it to a strong first quarter in 2005, with sales and net-profit growth in the double digits. The company also enjoyed a boost from its networks division, which is riding the same wave lifting Ericsson.
|Return on Equity||25.7%|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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Nokia Corporation manufactures mobile devices principally based on global system for mobile communications, code division multiple access (CDMA), and wideband CDMA (WCDMA) technologies. The company operates in three divisions: Multimedia, Enterprise Solutions, and Networks. The Multimedia division focuses on bringing connected mobile multimedia to consumers in the form of advanced mobile devices, including 3G WCDMA mobile devices and solutions. The Enterprise Solutions division enables businesses and institutions to extend their use of mobility from mobile devices for voice and basic data to secure mobile access, content, and applications. Its solutions include business-optimized mobile devices for end users, a portfolio of Internet portfolio network perimeter security gateways, and mobile connectivity offerings. The Networks division provides network infrastructure, communications, and networks service platforms and professional services to operators and service providers. Nokia Corporation is based in Espoo, Finland.
No. of Employees
Jorma Ollila has been Chief Executive Officer and Chairman of Nokia Corporation since 1992 and 1999, respectively. He joined Nokia in 1985 and held a variety of key management positions before taking the helm in 1992. Mr. Ollila earned a master’s degree in political science from the University of Helsinki, a master’s degree in economics from the London School of Economics and a master’s degree in science from the Helsinki University of Technology.