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Friday, 26 April 2019

Nokia lost money in Q1 as 5G investment is yet to start paying off

It appears that Nokia is having a rocky 2019 start as results from the Q1 2019 show a significant loss in contrast to last year's Q1. The company posted a surprising €254 million loss in Q1 2019 compared to the €46 million profit in Q1 2018. That's a result of Nokia's investments in 5G, which are yet to start paying off. Sweden's Ericsson and China's Huawei are considered to be Nokia's main 5G rivals and since the Chinese firm is under fire on all fronts over security concerns, it could be a big opportunity for Nokia. It's under significant pressure to deliver in the second half of...

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Author: via Bestsoftpro

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