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The Nokia Technologies segment also experienced a remarkable 85% increase in its net sales, largely due to new licensing agreements, supporting the company's strategy to leverage its intellectual ...
Nokia on Thursday reported a double-digit decline in sales and a fall in profit in the last three months of 2023, with the wireless and fixed-network equipment maker saying operators are cutting ...
Nokia’s third-quarter sales plummeted 20%, to 4.98 billion euros from 6.24 billion in the same three- ... Comparable net profit plunged to 299 million euros in the July-to-September quarter from ...
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.
The company stated that the decision would not affect its financial outlook as Russia accounted for less than 2% of Nokia's net sales in 2021. [188] In February 2023, Nokia introduced a new logo for the first time in nearly 60 years [189] to change its brand identity as people still associated the previous logo with mobile phones. [190]
Commenting on Nokia’s performance in the third quarter, CEO Pekka Lundmark said “I am optimistic we are now turning the corner in many parts of our business, even if some continue to experience market weakness.” Nokia’s sales were down 8% at 4.3 billion euros ($4.7 billion) compared with 4.7 billion euros ($5.1 billion) a year earlier.
Alcatel-Lucent Submarine Networks became part of Nokia in 2016. Nokia and ASN added another cable ship to the fleet, CS Ile d'Ouessant. [29] This vessel was purchased in 2019 and was built in 2011 as the CS Toisa Warrior. [35] In 2021, Nokia and ASN added two more cable ships for the fleet, the CS Ile d'Yeu and CS Ile de Molène. [36]
As Nokia was the largest mobile phone and smartphone manufacturer worldwide at the time, [9] it was suggested the alliance would help Windows Phone, [8] but from the beginning of 2011, until 2013, Nokia fell from #1 to #10 in smartphone sales. [10] In June 2011, Nokia was overtaken by Apple as the world's biggest smartphone maker by volume.