Published 2 years ago • loading... • Updated 2 years ago

Nokia sees double-digit fall in January-March sales as weak market for 5G technology prevails

HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia on Thursday reported a smaller-than-expected profit and a double-digit fall in sales in the first quarter due to a market weakened by a lack of clients investing in 5G technology. The Espoo, Finland-based company reported a net profit of 501 million euros ($535 million) for the January-March period, up 46% from 342 million euros a year earlier. The figure was still lower than anal…

9 Articles

Associated Press News

+8 Reposted by 8 other sources

Lean Left

Nokia sees double-digit fall in January-March sales as weak market for 5G technology prevails

Wireless and fixed-network equipment maker Nokia has reported a smaller-than-expected profit and a substantial double-digit fall in sales in the first quarter due to a market weakened by a lack

2 years ago·New York, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year