How Nokia Makes Its Money Today
CNBC International • 2026-05-28T22:00:10Z • 11:48:00 • intermediate • Technology
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Nokia has transformed from a mobile phone giant to a key player in global connectivity, but how did this evolution take place? Discover the fascinating journey of Nokia's reinvention and its current business model.
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Vocabulary
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infrastructure
/ˈɪnfrəˌstrʌktʃər/
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Definition
The basic physical and organizational structures and facilities needed for the operation of a society or enterprise.
Example
The city is investing heavily in its transportation infrastructure to improve public transit.
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acquisition
/ˌækwɪˈzɪʃən/
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Definition
The act of acquiring or gaining possession, especially of a company or asset.
Example
The acquisition of the smaller firm allowed the larger company to expand its market reach.
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portfolio
/pɔrtˈfoʊlioʊ/
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Definition
A collection of investments, assets, or products that an individual or organization manages.
Example
She diversified her investment portfolio to minimize risk.
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dominance
/ˈdɒmɪnəns/
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Definition
The state of having power and influence over others.
Example
The company's dominance in the tech industry has made it a leader in innovation.
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telecom
/ˈtɛlɪˌkɒm/
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Definition
Short for telecommunications, referring to the transmission of information over significant distances by electronic means.
Example
Telecom companies are crucial for connecting people across the globe.
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innovation
/ˌɪnəˈveɪʃən/
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Definition
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.
Example
Innovation in technology has led to the development of smarter devices.
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