Nokia commemorates its 160th anniversary, tracing its roots back to 1865 when it was established as a pioneering lumber and paper manufacturing enterprise. Over time, it evolved into a dominant player in the mobile phone industry. Despite once holding a commanding market presence, Nokia faced challenges in adapting swiftly to the smartphone revolution, ultimately ceding ground to competitors like Apple and Android devices. Today, the company's core focus has shifted to communication infrastructure and technology R&D licensing, with slim prospects of re-entering the consumer mobile phone market.
