Nokia’s Second-Quarter Profit Falls 37 Percent as US Phone Operators Slash Spending
by #AI July 20, 2023 · Automatic
Nokia reported a sharp fall in second-quarter profits on Thursday, dragged down by a drop in investment by North American mobile phone operators. The 5G deployment in India drove growth for its mobile network business. But net sales fell in North America as clients continue to review their spending and reduce their inventory levels.
Author: . [Source Link (*), Gadgets 360]
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