Rise and fall of a telecom giant
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Nokia was the world's largest vendor of mobile-phones from 1998 to 2012. However, over the past five years it has suffered declining market share as a result of the growing use of smartphones from other vendors, principally the Apple iPhone and devices running on Google's Android operating system.
As a result, its share price has fallen from a high of $40 in 2007 to under $3 in 2012.
Let's take a look at the rise and fall of the giant.
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Image: An aerial view of mobile-phone maker Nokia's headquarters in Espoo, Finland.
Photographs: Lehtikuva Lehtikuva/Reuters
Rise and fall of a telecom giant
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Year: 1871
Founded by mining engineer Fredrik Idestam as groundwood pulp mill - Nokia Company - to manufacture paper.
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Image: German headquarters of Nokia Siemens Networks in Munich.
Photographs: Michaela Rehle/Reuters
Rise and fall of a telecom giant
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Year: 1900-1970
Entered electricity generation, came close to bankruptcy only to be taken over and merged with two other companies to become Nokia; enters telecom by making radio telephones for army.
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Image: A selection of mobile phone models are displayed at Nokia's headquarters in Helsinki.
Photographs: Bob Strong/Reuters
Rise and fall of a telecom giant
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Year: 1970-80
Starts making telephone exchanges.
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Image: Nokia's netbook, the Booklet 3G.
Photographs: Bob Strong/Reuters
Rise and fall of a telecom giant
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Year: 1982
Launches first car phone, Mobira Senator, and a portable car phone called Mobira Talkman two years later.
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Image: Launches first car phone.
Photographs: Tony Gentile/Reuters
Rise and fall of a telecom giant
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Year: 1987
Launches world's first mobile phone, Mobira Cityman.
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Image: Launches world's first mobile phone.
Photographs: Lucas Jackson/Reuters
Rise and fall of a telecom giant
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Year: 1987-1991
Works on GSM platform and delivers first GSM network to a Finnish operator.
i) Nokia's net cash fell to 3.6 billion euros in Q3 from 4.2 billion euros at the end of June
ii) Nokia's stock price has fallen 33 per cent this year
The company's net loss quadrupled to 1.41 billion euros in the second quarter.
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Image: People look at their mobile phones as they wait to board trains at Penn Station in New York.
Photographs: Brendan McDermid/Reuters
Rise and fall of a telecom giant
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Year: 1992-2002
Launches first GSM mobile phone, Nokia 1011. Launches world's first 3G phone, which allows web browsing.
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Image: A man types on his mobile phone in front of the Trump Tower in New York.
Photographs: Eduardo Munoz/Reuters
Rise and fall of a telecom giant
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Year: 2007
Apple enters market with iPhone. Nokia starts losing its way with several new entrants, including HTC, launching smartphones.
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Image: People talk on their mobile phones in New York.
Photographs: Keith Bedford/Reuters
Rise and fall of a telecom giant
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Year: 2009
Nokia posts if first quarterly loss in a decade in Oct; Apple iPhone and Android devices catch up.
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Image: A man types on his mobile phone in New York.
Photographs: Eduardo Munoz/Reuters
Rise and fall of a telecom giant
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Year: 2010-11
Nokia keeps losing market share with Apple becoming world's biggest smartphone maker in 2011; CEO Stephen Elop, whom Nokia hired from Microsoft, begins restructuring and cuts jobs; Nokia announces partnership with MS and launches first Windows smartphone Lumia 800.
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Image: Apple becomes world's biggest smartphone maker in 2011.
Photographs: Lucas Jackson/Reuters
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