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Nokia is a multinational telecommunications, information technology and consumer electronics company founded in 1865. Initially known as a paper mill, it was founded by Fredrik Idestam and Leo Mechelin. In 1967, the company expanded into the telecommunications segment by launching its first car phone which used NMT (Nordic Mobile Telephone) networks. With their focus on innovation, Nokia quickly grew to become one of the largest mobile phone manufacturers in the world and expanded further into device management services, mapping software and IP networks. By 1998, Nokia was leading the global market share for mobile phones with nearly 40%, having sold over 50 million devices worldwide. After developing Symbian OS and introducing smartphones such as their iconic Nokia N-Series in 2005-2007, they dominated more than half of Europe's smartphone amrket share. The company began to decline after 2010 due to increased competition from Apple and Android devices but continued to release new technologies till 2014 before being bought out by Microsoft Mobile Technologies in 2013-2014. Currently focused on digital health technology products such as connected health products like thermometers and pules oximeters as well as smartwatches under the name of Nokia Health division.