The Espoo, Finland-based company reported a net profit of 328 million euros ($359 million) for the April-June period, down 20% from 409 million euros ($447 million) a year earlier. Net income attributable to shareholders was 325 million euros ($355 million), down from 410 million euros a year earlier.
Similarly to its Nordic rival Ericsson of Sweden, Nokia has suffered in the past year from operators cutting back on investments into 5G and other telecom technology because of economic uncertainty and high financing costs.
Diese Geschichte stammt aus der July 20, 2024-Ausgabe von Techlife News.
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