Nokia was once the world's largest mobile phone manufacturer, holding a 40% global market share, but has since lost significant ground to competitors producing touchscreen smartphones like Apple and Android devices. As Nokia's market share declined from 2007 to 2012, its stock price fell from $40 to under $2. Nokia continues to be a large multinational company, employing over 100,000 people across 120 countries, but has repositioned itself more towards telecommunications network infrastructure and services rather than mobile phones.