TSMC's first quarter profit rises 9%, beats forecasts

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Nokia profits rise 46% in the first quarter of 2024

Nokia's non-recurring licensing gains contributed to the profit, even though the amount was lower than expected by analysts. Net income attributable to shareholders was 497 million euros, an increase of 332 million euros compared to the previous year. Nokia sales fell 20% to 4.7 billion euros. The weakening of the telecommunications equipment market, where operators are reducing investments in 5G and other technologies due to economic uncertaint…