ANNUAL SALES OF NOKIA DECLINED BY 8 PERCENT ‘AMID SLOWDOWN IN CONSUMER SPENDING’
Sun 28 January 2024: Nokia, the Finnish telecoms company, reported sales for 2023 of 22.3 billion euros (24.2 billion U.S. dollars), an 8 percent year-over-year fall. According to the company, net revenues in the fourth quarter (Q4) decreased by 21% year over year to 5.7 billion euros. Although profitability exceeded analysts’ expectations, Nokia’s stock rose […]
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