What Happened To Nokia? The Rise And Fall Of A Tech Giant

It may surprise some to learn that Nokia didn’t even start as a tech company at all. Established in 1865 in Finland, Nokia started as a pulp mill for paper manufacturing. Named after the town in which it was based, the company partnered with local companies, like Finnish Cable Works, as it expanded its operations.

Eventually, it merged with Finnish Cable Works and Finnish Rubber Works to form the Nokia Corporation. It would go on to enter and become a major factor in the electronics industry by the 1970s. While it still retained its other business lines, it would be largely known for its mobile phones. Ultimately, it would start to divest money into its rubber and paper operations and concentrate solely on tech and phones.

Nokia began its journey in the mobile phone market in the 1980s as it went on a string of acquisitions to solidify its position as a leading global tech firm. With acquisitions of Salora, Mobria, and the Information Systems division of Ericsson, the company was quickly on its way to producing its first mobile phone. This would be the 1982 Mobria Senator car phone, which would go on to influence designs for phones that we use to this day.

 

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