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

📆 18/04/2024 18.05.00
📰 AP

⏱ Reading Time:
14 sec. here
15 min. at publisher
📊 Quality Score:
News: 54%
Publisher: 51%

Production Facilities Berita

Huawei Technologies Co Ltd,General News,World News

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 of investment by clients in 5G technology.

HELSINKI — 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 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.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Tulis Komentar

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

U.S. companies announced over 90,000 job cuts in March — the highest number since January 2023Some companies are reverting to a 'do more with less' approach, according to a report from Challenger, Gray & Christmas.
Sumber: CBSHealth - 🏆 480. / 51 Baca lebih lajut »