Nokia, founded in 1865, has a vision to expand human possibilities through connected technology, with a notable history in mobile communication innovations. Its market share in smartphones peaked at 48.7% in 2007 but dramatically fell to 3.5% by 2012 due to various challenges including reliance on Windows OS and strong competition. Despite strengths like brand reputation and user-friendly products, Nokia faces threats from low-cost competitors and an evolving market landscape.