Current location:opinions >>
Nokia sees double
opinions54People have gathered around
IntroductionHELSINKI (AP) — Wireless and fixed-network equipment maker Nokia on Thursday reported a smaller-than ...
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 analysts had expected.
One-off gains from Nokia’s licensing business contributed to the profit.
Net income attributable to shareholders was 497 million euros, up from from 332 million euros a year earlier. Nokia’s sales were down 20% at 4.7 billion euros.
The ongoing weakness in the telecom equipment market, where operators are cutting back on investments into 5G and other technology because of economic uncertainty and high financing costs, prevailed in the first quarter “as expected,” Nokia’s CEO Pekka Lundmark said.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Stories news portal”。http://mauritania.downmusic.org/news-30d599400.html
Related articles
Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
opinionsA burglar hurled stolen mobile phones at police officers from the top of a roof during a nine-hour s ...
【opinions】
Read moreEnvoy hails new height of China
opinionsRelevant departments of the Chinese and French governments are working hard on planning this year's ...
【opinions】
Read moreAdvisers to maintain focus on modernization, CPPCC says
opinionsJournalists raise hands to ask questions at a news conference of the second session of the 14th Nati ...
【opinions】
Read more
Popular articles
- Russian theater director and playwright go on trial over a play authorities say justifies terrorism
- 'Science city' sees green future become a reality
- TDSL prepares 27 proposals to share at upcoming two sessions
- Mainland, KMT seek common ground: Promoting exchange, opposing external interference
- Brazil replaces injured goalkeeper Ederson in Copa America squad
- Xi greets Sharif on election as Pakistani PM
Latest articles
Red Lobster seeks bankruptcy protection after closing some restaurants
EU mulls boosting military spending, relying less on U.S.
CPC leadership discusses draft government work report
European leaders hit back at Macron remark
Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
China emphasizes neighborly cooperation in diplomacy: NPC spokesman
LINKS
- Beijing Greets the 3rd Belt and Road Forum for Int'l Cooperation
- China's 40th Antarctic Scientific Expedition Begins
- Small Chinese Town Goes Big with Magic of Animation
- World 5G Convention Kicks off in Zhengzhou, C China's Henan
- U.S. Students Participate in China Education Tour in Sichuan, SW China
- Participants of 2nd Forum on China
- Southwest University to Conduct Study to Assist Children's Development in Remote Areas
- Traditional Skills Revitalized by Livestreaming in Remote Towns
- 'Spring Bud Gas Station' Project Wins Award at 2023 IFENG Action League Ceremony
- Archaeology Forum Held in Shanghai, Highlighting Climate Change, Social Sustainability