Nokia Corporation is a Finnish multinational telecommunications company that is the world's largest manufacturer of mobile phones. It has over 55,000 employees and annual revenue of €40.99 billion in 2009. Nokia connects people through innovative mobile device products like phones and networking equipment. It has held the largest market share for mobile phones since 1998 but faces increasing competition from companies like Samsung and Apple. Nokia's success is due to core competencies in research and development, brand development, mass production, and identifying market needs.