Nokia Corporation is a Finnish multinational telecommunications, information technology and consumer electronics company founded in 1865. Nokia's original headquarters are located in Espoo, Finland, in the Helsinki metropolitan area, but the true origins of the company are in the Tampere area of Piranmaa. In this area, Nokia has its largest production base, with a plant for automotive parts, as well as a plant for semiconductor production. Nokia also has its manufacturing facility in Miejscia, the former Yugoslavia, as well as factories and facilities in China. The majority of Nokia's current products are developed and manufactured in Finland.

Nokia first began to make phones. Its first model was the "TDI" model, which meant "telephone dispatcher diagnostic device". Nokia has been producing and developing consumer electronics and communications products for almost forty years. While Nokia is known for its reliability in the production of mobile phones, its track record in other consumer electronics has been less than outstanding.

However, Nokia has not been able to overcome the poor quality of communication technology that they have offered and used since their earliest business days. Nokia's mobile phones and associated handsets did not meet expectations in any way. Their track record in the consumer electronics of the computer industry was miserable. Their attempts at innovation, such as their Color Viewer or Xperion line of digital mobile phones and their interactive digital signage and their Menta Pages software have also not helped.

Nokia was not the only electronics company to suffer a serious blow on the opening day of 2021. Many other established companies experienced huge monetary losses at the beginning of the new decade. Some of these companies, like HP, saw their profits evaporate as quickly as they entered the new year. While everyone was watching Nokia's business, they were also looking for an opportunity to make a splash in Sweden, one of the most prestigious financial markets in the world, which happens to be the home of Nokia.

It seems like Nokia is now working hard to turn things around in its home country of Finland. The company recently held a "Finnish celebration" to celebrate its seven decades in business. The celebration included the sale of their current line of mobile phones, their Q Pocket and Q Spin, as well as a variety of other devices. It was a bit of a PR stunt considering Finland doesn't export cars, let alone automobiles of any kind, let alone electronics. For some, the symbolism was lost, but it really showed how far Nokia has come, and hopefully it will help them turn their sluggish fortunes around.

Nokia's failure to keep up with the competition has been its Achilles heel, especially as its global peers rely on the strength of its name and reputation to carry it through the recession and perhaps even beyond. They run the risk of losing their three-decade reign over the largest manufacturer of mobile phones, cable plants and basic materials industries, which could lead them to figure out how they will survive the competition in the future. Nokia must realize that they still have to compete with the high-end manufacturers such as Samsung, LG and HTC, who have recognized their place in the world of electronics and are fighting for the same consumers and customers who once bought their devices from them.