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Former telephone giant Nokia sees double-digit fall in sales amid challenging 5G environment

https://fortune.com/europe/2024/07/18/pekka-lundmark-nokia-sees-double-digit-fall-in-sales-amid-challenging-5g-environment/

Nokia Oyj sales in Q2 declined 18% to €4.47 billion ($4.9 billion) — the lowest of any period since 2015.

Former telephone giant Nokia sees double-digit fall in sales amid challenging 5G environment

8 comments

str82L

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Oh, oops. Guess it's clear I didn't read the article!

amanda

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I looked at getting a 5G router and I’m not surprised to see the whole thing not kicking off given how insanely expensive they are

str82L

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I'm using one and it's pretty good all round. That said I don't know anyone else with one.

schizoidman

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The article is referring to cellular network equipment not mobile phones.

str82L

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Perhaps I should pretend I have a piece of Nokia cell network equipment. I still don't know anyone else with one.

tb_

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Nokia doesn't make smartphones either, they licensed their brand name to HMD Global.

(In case you might find that curious)

str82L

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TIL!

JohnEdwa

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Nokia hasn't actually made a mobile phone since 2014 after they sold their phone division to Microsoft, they just licence the name because it still sells.