nokia
Wireless and fixed-network equipment maker Nokia on Thursday reported a double-digit fall in profit and sales in the second quarter (Q2) due to a continuing weak market as clients are holding off investments in 5G technology. The Espoo, Finland-based company reported a net profit of €328 million for the April-June period, down 20% from €409 million a year earlier. Net income attributable to shareholders was €325 million, down from €410 million 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...
Euronews (English)
Finnish telecom equipment maker Nokia reported that second-quarter net sales fell 18% in constant currency compared to a year ago. Pekka Lundmark, Nokia's president and chief executive officer, said the company's financial performance was "impacted by the ongoing market weakness," especially weakening demand for 5G network equipment in India. "The most significant impact was the challenging year-ago comparisonperiod which saw the peak of India's rapid 5G deployment withIndia accounting for three quarters of the decline," he said in a statement. Quarterly net sales declined to €4.47 billion ($4...
DPA Breaking News
Finnish telecom equipment maker Nokia reported that second-quarter net sales fell 18% in constant currency compared to a year ago. Pekka Lundmark, Nokia's president and chief executive officer, said the company's financial performance was "impacted by the ongoing market weakness," especially weakening demand for 5G network equipment in India. "The most significant impact was the challenging year-ago comparisonperiod which saw the peak of India's rapid 5G deployment withIndia accounting for three quarters of the decline," he said in a statement. Quarterly net sales declined to €4.47 billion ($4...
DPA
Finnish telecom equipment maker Nokia reported that second-quarter net sales fell 18% in constant currency compared to a year ago. Pekka Lundmark, Nokia's president and chief executive officer, said the company's financial performance was "impacted by the ongoing market weakness," especially weakening demand for 5G network equipment in India. "The most significant impact was the challenging year-ago comparisonperiod which saw the peak of India's rapid 5G deployment withIndia accounting for three quarters of the decline," he said in a statement. Quarterly net sales declined to €4.47 billion ($4...
DPA International
Nokia has made the world's first phone call using 3D Spatial Sound. The Finnish telecommunications giant has declared the milestone "the biggest leap forward in live voice calling" since monophonic telephony audio was first used in smartphones and computers. It said: "It is the biggest leap forward in the live voice calling experience since the introduction of monophonic telephony audio used in smartphones and PCs today." It was made possible using the 3GPP Immersive Voice and Audio Services (IVAS) codec. To be made available to consumers, it simply needs the handset to have two microphones, w...
BANG Showbiz English
Finnish telecommunications company Nokia has achieved a significant breakthrough in voice communication technology, claiming the world's first phone call using three-dimensional sound. According to the company, the latest technology provides real-time experience to the caller, where they can hear everything clearly on the call as if they are with the other person. The technology provides three-dimensional sound experience to callers, compared to today's monophonic smartphone call experience, where the sound is compressed into a single channel. The first immersive call was made by Nokia's presi...
DPA Breaking News
Nokia has inked a multi-year 5G patent license agreement with Chinese smartphone maker Vivo. The latest deal follows the Finnish telecommunications giant's other licensing agreements with the likes of Apple, Samsung, OPPO, Honor, and Huawei. Nokia said: "The agreement resolves all pending patent litigation between the parties, in all jurisdictions. The terms of the agreement remain confidential as agreed between the parties." It added: "Nokia has now almost completed its smartphone license renewal cycle." Towards the end of last year, Nokia said it was planning to axe 14,000 jobs to cut ongoin...
BANG Showbiz English
By Hazel Gandhi A video of one man playing table tennis against two opponents while using nunchakus is going viral online with the claim that it shows never-seen-before footage of martial arts cult figure Bruce Lee. The video also claims that Lee is defeating two professional table tennis players alone with his nunchakus. BOOM found that the video is actually a Nokia commercial from 2008 and the man is a stunt double playing Lee. The Hong Kong and American action hero achieved global stardom with hits such as Fist of Fury and Enter the Dragon in the 70s and remains an enduring cult figure for ...
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ValueWalk
Nokia signs 5G deal with BT after Huawei block.Nokia is to sign a 5G deal with BT after Huawei being blocked from the UK's 5G networks.Once the deal is made, Nokia will be providing base stations to enhance EE's customers devices.They will also increase antenna coverages and provide them with faster 5G.Nokia will also replace Huawei in BT's 2G and 4G networks.
BANG Showbiz English
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