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93-728: In 2007, Nokia started a €200 million investment in Jucu, building a cellphone factory that had 4000 employees. It had begun production in 2008, but the factory closed in 2011. German car components manufacturer Bosch also opened a factory in Jucu and a centre dedicated for training students in the dual educational system. According to the census from 2011 there was a total population of 4,270 people living in Jucu. Of this population, 84.26% were ethnic Romanians and 11.62% were ethnic Hungarians . High-power broadcasting station: 3 masts 165 metres tall. The station broadcasts on 909 kHz with 200 kW and 1152 kHz with 950 kW. Jucu

186-574: A joint venture with Salora Oy in 1979, which became the foundation of its future mobile phone business. In 1981, Mobira launched the Nordic Mobile Telephone (NMT) service, the world's first international cellular network and the first to allow international roaming . In 1982, Mobira launched the Mobira Senator car phone, Nokia's first mobile phone. At that time, the company had no interest in producing mobile phones, which

279-596: A rubber business founded by Eduard Polón , established a factory near the town of Nokia and used its name. In 1922, in the now independent Finland, Nokia Ab entered into a partnership with the Finnish Rubber Works and Kaapelitehdas ( the Cable Factory ), all now jointly under the leadership of Polón. The rubber company grew rapidly when it moved to the Nokia region in the 1930s to take advantage of

372-509: A base year. The result would be that the GDP in 2000 equals $ 300 million × 1 ⁄ 2 = $ 150 million , in 1990 monetary terms. We would see that the country's GDP had realistically increased 50 percent over that period, not 200 percent, as it might appear from the raw GDP data. The GDP adjusted for changes in money value in this way is called the real GDP . The factor used to convert GDP from current to constant values in this way

465-518: A country becomes increasingly in debt, and spends large amounts of income servicing this debt this will be reflected in a decreased GNI but not a decreased GDP. Similarly, if a country sells off its resources to entities outside their country this will also be reflected over time in decreased GNI, but not decreased GDP. This would make the use of GDP more attractive for politicians in countries with increasing national debt and decreasing assets. Gross national income (GNI) equals GDP plus income receipts from

558-521: A country's borders, but by an enterprise owned by somebody outside the country, counts as part of its GDP but not its GNI; on the other hand, production by an enterprise located outside the country, but owned by one of its citizens, counts as part of its GNI but not its GDP. For example, the GNI of the US is the value of output produced by American-owned firms, regardless of where the firms are located. Similarly, if

651-650: A country's citizens at home and abroad rather than its "resident institutional units" (see OECD definition above). The switch from GNP to GDP in the United States occurred in 1991. The role that measurements of GDP played in World War II was crucial to the subsequent political acceptance of GDP values as indicators of national development and progress. A crucial role was played here by the U.S. Department of Commerce under Milton Gilbert where ideas from Kuznets were embedded into institutions . The history of

744-406: A country's production has increased (or decreased, if the growth rate is negative) compared to the previous year, typically expressed as percentage change . The economic growth can be expressed as real GDP growth rate or real GDP per capita growth rate . GDP can be adjusted for population growth, also called Per-capita GDP or GDP per person . This measures the average production of a person in

837-570: A large range of colourful and replaceable back covers called Xpress-on. One of the earliest fashion phones in 1992, from Swiss watchmaker Swatch , was based on Nokia's 101 handset. The company would also form the Vertu division, creating luxury mobile handsets. In April 1996, Nokia claimed its 447Xav and 447K monitors to be the first with stereo speakers and a subwoofer . In May 1999, Nokia introduced their first wireless LAN products. In January 2000, ViewSonic acquired Nokia Display Products,

930-534: A metric for international comparisons as well as a broad measure of economic progress . It is often considered to be the world's most powerful statistical indicator of national development and progress. However, critics of the growth imperative often argue that GDP measures were never intended to measure progress, and leave out key other externalities , such as resource extraction , environmental impact and unpaid domestic work . Alternative economic indicators such as doughnut economics use other measures, such as

1023-607: A new operating system for PDAs and smart mobile phones as a successor of EPOC32 . They released the Nokia 9210 Communicator running Symbian OS in 2001 and later that year created the Symbian Series 60 platform, later introducing it with their first camera phone , the Nokia 7650 . Both Nokia and Symbian eventually became the largest smartphone hardware and software maker, respectively, and in February 2004, Nokia became

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1116-643: A new three-digit naming system for mobile phone products and stop using letters, effectively ending the Nseries , Eseries , and short-lived Cseries . That same day the Nokia 500 was introduced with the new system. Nokia last used three-digit names on analogue phones in the 1990s. When the Lumia 920 was announced in September 2012, it was seen by the press as the first high-end Windows Phone that could challenge rivals due to its advanced feature set. Elop said that

1209-561: A result. Finland was now also experiencing its worst recession in living memory , and the collapse of the Soviet Union, a major customer, made matters worse. Vuorilehto quit in January 1992 and was replaced by Jorma Ollila , who had been the head of the mobile phone business from 1990 and advised against selling that division. Ollila decided to turn Nokia into a " telecom -oriented" company, and he eventually got rid of divisions like

1302-481: A sharp slide from the 5th place it was in 2009. Nokia's downfall in the mobile phone market has had different explanations from analysts, with many split about the CEO's decision to abandon its in-house operating system and adopting Windows Phone in 2011. Many researchers have concluded that Nokia suffered from deep internal rivalries within the management. Former employees claimed that the management became so swollen by

1395-486: A successful and innovative maker of camera phones . The Nokia 3600/3650 was the first camera phone on sale in North America in 2003. In April 2005, Nokia partnered with German camera optics maker Carl Zeiss AG . That same month, Nokia introduced the Nseries , which would become its flagship line of smartphones for the next six years. The Nokia N95 was introduced in September 2006, became highly successful, and

1488-410: A tyre producer originally formed as a division of Finnish Rubber Works in 1932, split away from Nokia Corporation in 1988. Two years later, in 1990, Finnish Rubber Works followed suit. In 1991, Nokia sold its computer division, Nokia Data, to UK -based International Computers Limited (ICL), the precursor of Fujitsu Siemens . Investors thought of this as financial trouble and Nokia's stock price sank as

1581-467: Is US$ 5,040,107.75 (in a million). Predictably, as a developed country, Japan has a higher GNI (by 182,779.46, in millions of USD), which is indicative that the production level in the country is higher than that of national production. On the other hand, the case with Armenia is the opposite, with GDP being lower than GNI by US$ 196.12 (in million). This demonstrates that countries receive investments and foreign aid from abroad. The Total income divided by

1674-492: Is a component of the Euro Stoxx 50 stock market index . The company has operated in various industries over the past 150 years. It was founded as a pulp mill and had long been associated with rubber and cables , but since the 1990s has focused on large-scale telecommunications infrastructure , technology development, and licensing. Nokia made significant contributions to the mobile telephony industry, assisting in

1767-515: Is administered by a mayor and a local council composed of 13 councilors. Nokia Nokia Corporation is a Finnish multinational telecommunications , information technology , and consumer electronics corporation, originally established as a pulp mill in 1865. Nokia's main headquarters are in Espoo , Finland, in the Helsinki metropolitan area , but the company's actual roots are in

1860-425: Is also sometimes expressed as: The third way to estimate GDP is to calculate the sum of the final uses of goods and services (all uses except intermediate consumption) measured in purchasers' prices. Market goods that are produced are purchased by someone. In the case where a good is produced and unsold, the standard accounting convention is that the producer has bought the good from themselves. Therefore, measuring

1953-838: Is calculated this way it is sometimes called gross domestic income (GDI), or GDP (I). GDI should provide the same amount as the expenditure method described later. By definition, GDI is equal to GDP. In practice, however, measurement errors will make the two figures slightly off when reported by national statistical agencies. This method measures GDP by adding incomes that firms pay households for factors of production they hire – wages for labour, interest for capital, rent for land and profits for entrepreneurship. The US "National Income and Product Accounts" divide incomes into five categories: These five income components sum to net domestic income at factor cost. Two adjustments must be made to get GDP: Total income can be subdivided according to various schemes, leading to various formulae for GDP measured by

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2046-474: Is called the GDP deflator . Unlike consumer price index , which measures inflation or deflation in the price of household consumer goods, the GDP deflator measures changes in the prices of all domestically produced goods and services in an economy including investment goods and government services, as well as household consumption goods. Real GDP can be used to calculate the GDP growth rate, which indicates how much

2139-473: Is contributed at each stage of production. This approach mirrors the OECD (Organisation for Economic Co-operation and Development) definition given above. Gross value added = gross value of output – value of intermediate consumption. Value of output = value of the total sales of goods and services plus the value of changes in the inventory. The sum of the gross value added in the various economic activities

2232-417: Is for 10-year-olds", stating that N-Gage is more suited to a mature audience. However, the device was a failure, unable to challenge the dominant market leader, Nintendo . Nokia attempted to revive N-Gage as a platform for their S60 smartphones, which eventually launched in 2008. In Q1 2004, Nokia's mobile phone handset market share steeply dropped to 28.9%, down from 34.6% a year earlier. However, by 2006,

2325-404: Is known as "GDP at factor cost". GDP at factor cost plus indirect taxes less subsidies on products = "GDP at producer price". For measuring the output of domestic product, economic activities (i.e. industries) are classified into various sectors. After classifying economic activities, the output of each sector is calculated by any of the following two methods: The value of output of all sectors

2418-587: Is that GDP defines its scope according to location, while GNI defines its scope according to ownership. In a global context, world GDP and world GNI are, therefore, equivalent terms. GDP is a product produced within a country's borders; GNI is product produced by enterprises owned by a country's citizens. The two would be the same if all of the productive enterprises in a country were owned by its own citizens and those citizens did not own productive enterprises in any other countries. In practice, however, foreign ownership makes GDP and GNI non-identical. Production within

2511-453: Is then added to get the gross value of output at factor cost. Subtracting each sector's intermediate consumption from gross output value gives the GVA (=GDP) at factor cost. Adding indirect tax minus subsidies to GVA (GDP) at factor cost gives the "GVA (GDP) at producer prices". The second way of estimating GDP is to use "the sum of primary incomes distributed by resident producer units". If GDP

2604-493: The 808 PureView with a 41-megapixel sensor, in 2012; and the Lumia 920 flagship, which implemented advanced PureView technologies, in 2012. Nokia was one of the pioneers of mobile gaming due to the popularity of Snake , which came preloaded on many products. In 2002, Nokia attempted to break into the handheld gaming market with the N-Gage . Nokia's head of entertainment and media, Ilkka Raiskinen, once said, " Game Boy

2697-521: The Datasaab computer division of Swedish aircraft and car manufacturer Saab . Ericsson Information Systems made Alfaskop terminals, typewriters , minicomputers and Ericsson-branded IBM compatible PCs . The merger with Nokia's Information Systems division—which since 1981 had a line of personal computers called MikroMikko —resulted in the name Nokia Data. Nokia also acquired Mobira, a mobile radio telephone manufacturer that had been established in

2790-617: The Human Development Index or Better Life Index , as better approaches to measuring the effect of the economy on human development and well being . William Petty came up with a concept of GDP, to calculate the tax burden , and argue landlords were unfairly taxed during warfare between the Dutch and the English between 1652 and 1674. Charles Davenant developed the method further in 1695. The modern concept of GDP

2883-642: The Symbian Foundation was closing and that Nokia would take back control of the Symbian operating system under closed licensing. By now Nokia was the only remaining company using the platform, along with carrier NTT DoCoMo in Japan, after both Samsung and Sony Ericsson moved to Android . Meanwhile, in 2010 for Nokia's Linux ambitions, Nokia collaborated with Intel to form the MeeGo project, after

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2976-641: The Tampere region of Pirkanmaa . In 2020, Nokia employed approximately 92,000 people across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion. Nokia is a public limited company listed on the Nasdaq Helsinki and New York Stock Exchange . It was the world's 415th-largest company measured by 2016 revenues, according to the Fortune Global 500 , having peaked at 85th place in 2009. It

3069-402: The inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. GDP is often used as

3162-462: The 1960s, Nokia expanded into the Soviet market. It soon widened trade, ranging from automatic telephone exchanges to robotics among others; by the late 1970s, the Soviet Union became a major market for Nokia, yielding high profits. The U.S. government became increasingly concerned of the possible export of items it deemed as high technology, such as digital telephone exchanges, to the Soviet Union in

3255-728: The 1980s. This led to Finland entering the Coordinating Committee for Multilateral Export Controls in 1987. This was a demonstration of Finland balancing between both sides, as it was neutral during the Cold War. In 1977, Kari Kairamo became CEO and transformed the company's businesses. By this time, Finland was becoming what has been called "Nordic Japan". Under his leadership, Nokia acquired many companies, including television maker Salora in 1984, followed by Swedish electronics and computer maker Luxor AB in 1985, and French television maker Oceanic in 1987. This made Nokia

3348-665: The Microsoft alliance and under Elop's management, Nokia also had a renewed focus on the North American market where Nokia phones were, in stark contrast to the rest of the world, almost irrelevant for many years. This strategy began in January 2012 with the introduction of the Nokia Lumia 900 smartphone in partnership with U.S. carrier AT&T . In March 2011, Nokia introduced a new corporate typeface called "Pure". On 1 August 2011, Nokia announced that it would adopt

3441-488: The Nokia Siemens Networks joint venture for $ 2.2 billion, turning it into a wholly owned subsidiary called Nokia Solutions and Networks, until being rebranded as Nokia Networks soon after. During Nokia's financial struggles, its profitable networking division with Siemens provided much of its income; thus, the purchase proved to be positive, particularly after the sale of its mobile devices unit. After

3534-914: The Nokia board green-lit him the ability to change the company's mobile phones strategy, including changing operating systems. Veteran Anssi Vanjoki , head of the smartphones division, left the company around this time. His final appearance was at Nokia World 2010 when the Nokia E7-00 and other Symbian^3 devices were introduced. On 11 February 2011, Nokia announced a "strategic partnership" with Microsoft , under which it would adopt Windows Phone 7 as its primary operating system on smartphones, and integrate its services and platforms with its own, including Bing as search engine, and integration of Nokia Maps data into Bing Maps . Elop stated that Nokia chose not to use Android because of an apparent inability to "differentiate" its offerings, with critics also noting that his past ties to Microsoft may have also influenced

3627-548: The Nokia brand was "valuable" but "is diminishing in value, and that's why it is important that we reverse that trend very quickly, imminently". The next day, Nokia unveiled the N1 , an Android tablet manufactured by Foxconn , as its first product following the Microsoft sale. Haidamus emphasized that devices released under these licensing agreements would be held to high standards in production quality, and would "look and feel just like Nokia built it". Nokia CEO Rajeev Suri stated that

3720-427: The accounting year. ) So for example if a car manufacturer buys auto parts , assembles the car and sells it, only the final car sold is counted towards the GDP. Meanwhile, if a person buys replacement auto parts to install them on their car, those are counted towards the GDP. According to the U.S. Bureau of Economic Analysis, which is responsible for calculating the national accounts in the United States, "In general,

3813-486: The acquisition products were sold under the "ITT Nokia" brand, despite SEL's sale to Compagnie Générale d'Electricité (CGE), the predecessor of Alcatel , in 1986. In 1987, Kaapelitehdas discontinued production of cables at its Helsinki factory after 44 years, effectively shutting down the sub-company. On 1 April 1988, Nokia bought the Information Systems division of Ericsson , which had originated as

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3906-413: The company planned to re-enter the mobile phone business in this manner in 2016, following the expiration of its non-compete clause with Microsoft. Gross domestic product Gross domestic product ( GDP ) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure

3999-563: The company was steadily gaining again and in Q4 2007 reached its all-time high figure of 40.4%. Its smartphone market share in that quarter was 51%. Nokia was the largest vendor at the time in all regions bar North America . Nokia launched mobile TV trials in 2005 in Finland with content provided by public broadcaster Yle . The services are based on the DVB-H standard. It could be viewed with

4092-520: The company's new Internet services, which included the N-Gage platform and the Nokia Music Store . The Ovi Store faced stiff competition from Apple 's App Store when it was introduced in 2008. In October 2008, Nokia announced the Nokia 5800 XpressMusic , the first device to ship with the new touch-centric S60 5th Edition, also known as Symbian^1, the first iteration of the platform since

4185-530: The company's stock price fell below $ 2. CEO Elop announced cost-cutting measures in June by shedding 10,000 employees by the end of the year and the closure of the Salo manufacturing plant. The Finnish prime minister also announced that the government wouldn't subsidize the company from an emergency state fund. Around this time Nokia started a new project codenamed " Meltemi ", a platform for low-end smartphones. With

4278-566: The computer market with the Booklet 3G netbook in August 2009. In late 2009 and in 2010, the music-focused Xseries and consumer-focused Cseries were introduced respectively. In April 2010 Nokia introduced its next flagship mobile device, the Nokia N8 , which would be the first to run on Symbian . However it was delayed for many months which tarnished the company's image, especially after

4371-540: The concept of GDP should be distinguished from the history of changes in many ways of estimating it. The value added by firms is relatively easy to calculate from their accounts, but the value added by the public sector , by financial industries, and by intangible asset creation is more complex. These activities are increasingly important in developed economies, and the international conventions governing their estimation and their inclusion or exclusion in GDP regularly change in an attempt to keep up with industrial advances. In

4464-508: The country's GDP , 21% of total exports, and 70% of the Nasdaq Helsinki market capital . 60°13′30″N 24°45′22″E  /  60.225°N 24.756°E  / 60.225; 24.756 Nokia's history dates from 1865, when mining engineer Fredrik Idestam established a pulp mill on the shores of the Tammerkoski rapids near the town of Tampere , Finland (then a Grand Duchy under Russian Empire 's rule). A second pulp mill

4557-401: The country. GDP per capita is often used as an indicator of living standards. The major advantage of GDP per capita as an indicator of the standard of living is that it is measured frequently, widely, and consistently. It is measured frequently in that most countries provide information on GDP every quarter, allowing trends to be seen quickly. It is measured widely in that some measure of GDP

4650-555: The creation of the Symbian Foundation. In November 2008, Nokia announced it would end mobile phone sales in Japan because of low market share. Nokia's global mobile phone market share peaked in 2008 at 38.6 percent. The same year, Nokia announced the acquisition of Trolltech and its Qt software development. Qt was a central part of Nokia's strategy until 2011, and it was eventually sold in 2012. Nokia briefly returned to

4743-404: The deal as rationally correct (in the best interests of Nokia shareholders), but emotionally difficult – experts agree that Nokia would have been in a cash crisis had it not sold the division to Microsoft. Analysts believe that Ballmer pushed for the buyout because of fears that Nokia was close to adopting Android and abandoning their alliance with Microsoft. Indeed, in January 2014 the Nokia X

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4836-596: The decision. Although the MeeGo "Harmattan"-based N9 was met with a highly positive reception in 2011, Nokia had already decided to end development on MeeGo and solely focus on its Microsoft partnership, although the CEO said that the N9's "innovations" will live on in the future, which eventually made their way on the Asha platform in 2013. After the announcement of the Microsoft partnership, Nokia's market share deteriorated; this

4929-553: The development of the GSM , 3G , and LTE standards. For a decade beginning in 1998, Nokia was the largest worldwide vendor of mobile phones and smartphones . In the later 2000s, however, Nokia suffered from a series of poor management decisions and soon saw its share of the mobile phone market drop sharply. After a partnership with Microsoft and Nokia's subsequent market struggles, in 2014, Microsoft bought Nokia's mobile phone business, incorporating it as Microsoft Mobile . After

5022-498: The division making displays for personal computers. On 26 April 2001, Nokia partnered with Telefónica to supply DSL modems and routers in Spain. In 1997, Nokia established a joint venture with Brazilian electronics firm Gradient where they were granted the license to manufacture variants of Nokia mobile phones locally under the Nokia and Gradient brand names. In 1998, Nokia cofounded Symbian Ltd. , led by Psion , to create

5115-555: The division was merged into Nokia-Mobira Oy. The brand continued to be used for televisions until 1995. On 12 June 1996, Nokia announced the sale of its television business to Canada/Hong Kong-based Semi-Tech Corporation . The television manufacturing plant in Germany closed down in September 1996. The sale included a factory in Turku and the rights to use the Nokia, Finlux , Luxor , Salora , Schaub-Lorenz , and Oceanic brands until

5208-414: The early success that they grew complacent over time. Some from the Symbian developing team have claimed that the company's upper management rejected hundreds of potential innovations during the 2000s that they proposed, including entirely rewriting Symbian's code. One former Nokia employee claimed that the company was run as a " Soviet -style bureaucracy ". In July 2013, Nokia bought Siemens ' stake in

5301-480: The economic health of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund . The ratio of GDP to the total population of the region is the GDP per capita and can approximate a concept of a standard of living . Nominal GDP does not reflect differences in the cost of living and

5394-422: The electricity supply, and the cable company soon did too. Nokia at the time also made respirators for both civilian and military use, from the 1930s well into the early 1990s. In 1967, the three companies – Nokia, Kaapelitehdas, and Finnish Rubber Works – merged to create a new Nokia Corporation, restructured into four major businesses: forestry, cable, rubber, and electronics. In the early 1970s, it entered

5487-545: The end of 1999. Some of these brands were later sold to other companies. Nokia was the first to launch digital satellite receivers in the UK, announced in March 1997. In August 1997, Nokia introduced the first digital satellite receiver with Common Interface (CI) support. In 1998, Nokia became the chosen supplier to produce the world's first digital terrestrial television set-top boxes by British Digital Broadcasting (BDB), which

5580-449: The executive board regarded as akin to James Bond 's gadgets: improbably futuristic and niche devices. After all these acquisitions, Nokia's revenue base became US$ 2.7 billion. CEO Kairamo killed himself on 11 December 1988. Following Simo Vuorilehto 's appointment as CEO, a major restructuring was planned. With 11 groups within the company, Vuorilehto divested industrial units he deemed as un-strategic. Nokian Tyres ( Nokian Renkaat ),

5673-431: The failure of its previous flagship N97 and tougher competition from Apple and the rising Google . On 10 September 2010, Olli-Pekka Kallasvuo was fired as CEO and it was announced that Stephen Elop from Microsoft would take Nokia's CEO position, becoming the first non-Finnish director in Nokia's history. It was claimed that investors pressed Nokia's board to recruit an outsider to shake up management and break from

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5766-435: The first GSM network with Siemens , the predecessor to Nokia Siemens Network . The world's first GSM call was made by Finnish prime minister Harri Holkeri on 1 July 1991, using Nokia equipment on the 900 MHz band network built by Nokia and operated by Radiolinja . In November 1992, the Nokia 1011 launched, making it the first commercially available GSM mobile phone. Salora Oy as a Nokia subsidiary ended in 1989 when

5859-553: The income approach. A common one is: The sum of COE , GOS and GMI is called total factor income; it is the income of all of the factors of production in society. It measures the value of GDP at factor (basic) prices. The difference between basic prices and final prices (those used in the expenditure calculation) is the total taxes and subsidies that the government has levied or paid on that production. So adding taxes less subsidies on production and imports converts GDP(I) at factor cost to GDP(I) at final prices. Total factor income

5952-443: The information required (especially information on expenditure and production by governments). The raw GDP figure as given by the equations above is called the nominal, historical, or current GDP. When one compares GDP figures from one year to another, it is desirable to compensate for changes in the value of money—for the effects of inflation or deflation. To make it more meaningful for year-to-year comparisons, it may be multiplied by

6045-414: The largest shareholder of Symbian Ltd. Nokia acquired the entire company in June 2008 and then formed the Symbian Foundation as its successor. In 1998 alone, the company had sales revenue of $ 20 billion, making $ 2.6 billion profit. By 2000, Nokia employed over 55,000 people and had a market share of 30% in the mobile phone market, almost twice as large as its nearest competitor, Motorola . The company

6138-485: The merger of Nokia's own Maemo and Intel's Moblin . Nokia's Symbian platform that had been the leading smartphone platform in Europe and Asia for many years was quickly becoming outdated and difficult for developers after the advent of iOS and Android. To counter this, Nokia planned to make their MeeGo Linux operating system, under development, the company's flagship on smartphones. Shortly after Elop's CEO tenure began,

6231-457: The mobile and smartphone market in 2016 through a licensing arrangement with HMD . Nokia continues to be a major patent licensor for most large mobile phone vendors. As of 2018, Nokia is the world's third-largest network equipment manufacturer. The company was viewed with national pride by Finns , as its mobile phone business made it by far the largest worldwide company and brand from Finland. At its peak in 2000, Nokia accounted for 4% of

6324-577: The networking and radio industries. Nokia started making military equipment for Finland's defence forces ( Puolustusvoimat ), such as the Sanomalaite M/90 communicator in 1983, and the M61 gas mask first developed in the 1960s. Nokia was now also making professional mobile radios , telephone switches , capacitors and chemicals . After Finland's trade agreement with the Soviet Union in

6417-463: The population is the Per capita income . The international standard for measuring GDP is contained in the book System of National Accounts (2008), which was prepared by representatives of the International Monetary Fund , European Union , Organisation for Economic Co-operation and Development , United Nations and World Bank . The publication is normally referred to as SNA2008 to distinguish it from

6510-426: The positive reaction to it had created a sense of hope and optimism in the company. The company was also making gains in developing countries with its Asha series, which were selling strongly. Although Nokia's smartphone sales and market share greatly increased throughout 2013, including in the North American market, it was still not enough to avoid financial losses. Ollila stepped down as chairman on 4 May 2012 and

6603-546: The power business. This strategy proved to be very successful, and the company grew rapidly in the following years. Nokia's operating profit went from negative in 1991 to $ 1 billion in 1995 and almost $ 4 billion by 1999. Nokia's first fully portable mobile phone after the Mobira Senator was the Mobira Cityman 900 in 1987. Nokia assisted in the development of the GSM mobile standard in the 1980s and developed

6696-430: The previous edition published in 1993 (SNA93) or 1968 (called SNA68) SNA2008 provides a set of rules and procedures for the measurement of national accounts. The standards are designed to be flexible, to allow for differences in local statistical needs and conditions. Within each country GDP is normally measured by a national government statistical agency, as private sector organizations normally do not have access to

6789-512: The products must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying things. The income approach works on the principle that the incomes of the productive factors ("producers", colloquially) must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes. Also known as the Value Added Approach, it calculates how much value

6882-445: The ratio between the value of money in the year the GDP was measured and the value of money in a base year. For example, suppose a country's GDP in 1990 was $ 100 million and its GDP in 2000 was $ 300 million . Suppose also that inflation had halved the value of its currency over that period. To meaningfully compare its GDP in 2000 to its GDP in 1990, we could multiply the GDP in 2000 by one-half, to make it relative to 1990 as

6975-587: The rest of the world minus income payments to the rest of the world. In 1991, the United States switched from using GNP to using GDP as its primary measure of production. The relationship between United States GDP and GNP is shown in table 1.7.5 of the National Income and Product Accounts . Another example that amplifies the difference between GDP and GNI is the comparison of developed and developing country indicators. The GDP of Japan for 2020

7068-507: The sale of its mobile devices division, Nokia focused on network equipment through Nokia Networks . In October 2014, Nokia and China Mobile signed a US$ 970 million framework deal for delivery between 2014 and 2015. On 17 November 2014, Nokia Technologies head Ramzi Haidamus disclosed that the company planned to re-enter the consumer electronics business as an original design manufacturer , licensing in-house hardware designs and technologies to third-party manufacturers. Haidamus stated that

7161-434: The sale, Nokia began to focus more on its telecommunications infrastructure business and on Internet of things technologies, marked by the divestiture of its Here mapping division and the acquisition of Alcatel-Lucent , including its Bell Labs research organization. The company then also experimented with virtual reality and digital health , the latter through the purchase of Withings . The Nokia brand returned to

7254-408: The same result. They are the production (or output or value added) approach, the income approach, and the speculated expenditure approach. It is representative of the total output and income within an economy. The most direct of the three is the production approach, which sums up the outputs of every class of enterprise to arrive at the total. The expenditure approach works on the principle that all of

7347-401: The source data for the expenditures components are considered more reliable than those for the income components [see income method, above]." Encyclopedia Britannica records an alternate way of measuring exports minus imports: notating it as the single variable NX. GDP can be contrasted with gross national product (GNP) or, as it is now known, gross national income (GNI). The difference

7440-487: The successor to Nokia's mobile devices division. Nokia also moved from its headquarters to another building complex located at Karaportti. At the time, Ballmer himself was retiring as Microsoft CEO and was replaced by Satya Nadella , who opposed the Nokia mobile phones purchase, along with chairman Bill Gates . The purchased assets from Nokia were eventually written-off by Microsoft in 2015. By 2014, Nokia's global brand value according to Interbrand fell to 98th place,

7533-451: The third-largest television manufacturer of Europe (behind Philips and Thomson ). The existing brands continued to be used until the end of the television business in 1996. In 1987, Nokia acquired Schaub-Lorenz, the consumer operations of Germany's Standard Elektrik Lorenz (SEL), which included its "Schaub-Lorenz" and "Graetz" brands. It was originally part of American conglomerate International Telephone & Telegraph (ITT), and after

7626-536: The total expenditure used to buy things is a way of measuring production. This is known as the expenditure method of calculating GDP. GDP (Y) is the sum of consumption (C) , investment (I) , government expenditures (G) and net exports (X − M) . Here is a description of each GDP component: C , I , and G are expenditures on final goods and services; expenditures on intermediate goods and services do not count. (Intermediate goods and services are those used by businesses to produce other goods and services within

7719-467: The traditional "Nokia way". Ollila had also announced that he would step down as Nokia chairman by 2012. On 11 March 2011 Nokia announced that it had paid Elop a $ 6 million signing bonus as "compensation for lost income from his prior employer", on top of his $ 1.4 million annual salary. The old Symbian OS became completely open-source in February 2010. However, in November 2010 it was announced that

7812-507: The widescreen Nokia 7710 smartphone with a special accessory enabling it to receive DVB-H signals. Nokia partnered with Arqiva and O2 to launch trials in the UK in September 2005. In 2005, Nokia developed a Linux -based operating system called Maemo , which shipped that year on the Nokia 770 Internet Tablet . On 1 June 2006, Jorma Ollila became the company's chairman and retired as CEO, replaced by Olli-Pekka Kallasvuo . In August 2007, Nokia introduced Ovi , an umbrella name for

7905-473: The words of one academic economist, "The actual number for GDP is, therefore, the product of a vast patchwork of statistics and a complicated set of processes carried out on the raw data to fit them to the conceptual framework." China officially adopted GDP in 1993 as its indicator of economic performance. Previously, China had relied on a Marxist-inspired national accounting system. GDP can be determined in three ways, all of which should, theoretically, give

7998-536: Was also awarded "best mobile imaging device" in Europe in 2007. Its successor the N82 featured a xenon flash, which helped it win the award of "best mobile imaging" device in Europe in 2008. The N93 in 2006 was known for its specialized camcorder and the twistable design that switches between clamshell and a camcorder-like position. They were also well known for the N8 with a high-resolution 12-megapixel sensor, in 2010;

8091-519: Was due to demand for Symbian dropping when consumers realized Nokia's focus and attention would be elsewhere. The company posted a large loss for the second quarter of 2011 – only their second quarterly loss in 19 years. Nokia's first Windows Phone flagship was the Lumia 800 , which arrived in November 2011. Falling sales in 2011, which were not being improved significantly with the Lumia line in 2012, led to consecutive quarters of huge losses. By mid-2012

8184-501: Was eventually launched as ONdigital . In October 1998, Nokia overtook Motorola to become the best-selling mobile phone brand and in December, manufactured its 100 millionth mobile phone. A major reason why Nokia grew against its main competitors Motorola and Ericsson was that it managed to cater to the consumer youth market and fashion-oriented consumers, most significantly with the Nokia 5110 and 3210 handsets, which featured

8277-493: Was first developed by Simon Kuznets for a 1934 U.S. Congress report, where he warned against its use as a measure of welfare (see below under limitations and criticisms ). After the Bretton Woods Conference in 1944, GDP became the main tool for measuring a country's economy. At that time gross national product (GNP) was the preferred estimate, which differed from GDP in that it measured production by

8370-502: Was introduced which ran on a customised version of Android. It was a surprising and somewhat odd launch coming just weeks away from the finalization of the Microsoft buyout. Others, including Ballmer's successor Satya Nadella , felt that Microsoft thought merging their software teams with Nokia's hardware engineering and designs would "accelerate" growth of Windows Phone. The sale was completed in April 2014, with Microsoft Mobile becoming

8463-570: Was opened in 1868 near the neighboring town of Nokia , where there were better hydropower resources. In 1871, Idestam, together with a friend Leo Mechelin , formed a shared company and called it Nokia Ab (in Swedish , Nokia Company being the English equivalent), after the site of the second pulp mill. Idestam retired in 1896, making Mechelin the company's chairman; he expanded into electricity generation by 1902, which Idestam had opposed. In 1904, Suomen Gummitehdas ( Finnish Rubber Works ),

8556-427: Was operating in 140 countries as of 1999. It was reported at the time that some people believed Nokia to be a Japanese company. Between 1996 and 2001, Nokia's turnover increased fivefold, from €6.5 billion to €31 billion. Meanwhile, a Reader's Digest survey held near end 2000 showed that Nokia was the "most trusted brand in Europe", ranking better than Sony, Canon, and Nivea. The company would then be known as

8649-399: Was replaced by Risto Siilasmaa. In September 2013, Nokia announced the sale of its mobile and devices division to Microsoft. The sale was positive for Nokia to avoid further negative financial figures, as well as for Microsoft's CEO Steve Ballmer , who wanted Microsoft to produce more hardware and turn it into a devices and services company. The Nokia chairperson, Risto Siilasmaa, described

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