Nokia Q1 sales dip
4 Articles
4 Articles
Nokia Q1 sales dip
Nokia has reported that Q1 net sales declined 3 per cent y-o-y on a constant currency and portfolio basis, attributed to a challenging prior year comparison in Nokia Technologies. Network Infrastructure grew 11 per cent on a constant currency and portfolio basis while Cloud and Network Services grew 8 per cent. Mobile Networks grew 2 per cent. Source: Nokia Q1 sales dip
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In the annals of mobile phone history, Nokia once reigned supreme with its robust devices and iconic brand. However, as the smartphone revolution took hold, Nokia's fortunes took a sharp turn, leading to a notable decline in its market share and influence. The fall of such a prominent industry leader begs the question: What were the reasons behind Nokia's failure? What is Nokia's failure story?This post focuses on the reasons why Nokia failed af…
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Nokia misses Q1 targets, gains ground with T-Mobile in the US, enterprises everywhere
In sum – what to know Weak quarter, bright spots – Nokia missed Q1 expectations with a 36% shortfall in operating profit, driven by a one-off €120m charge in Mobile Networks, despite strong growth in enterprise and regional US sales. Enterprise and Infinera gains – enterprise sales surged 27% on private 5G and fibre supplies, […]
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