- Nokia began as a pulp mill and hydropower company in Finland in 1865 and later diversified into various industries such as rubber and cables.
- In the 1970s, Nokia entered the networking and radio industries and in the 1980s it acquired companies in mobile telephony and televisions to expand into those areas.
- Nokia struggled in the early 1990s recession but became the top global mobile phone brand by 1998, driven by popular models like the 3310. However, competition from Apple and others eroded its market share later on.