Read the latest Nokia news, read more about the app descriptions
and go to the store to download the content!
Download the latest android apps, games, themes from the Google Play Store!Download
The European smartphone market fell 3% in the fourth quarter of 2023
According to Canalys' latest research, smartphone shipments to Europe (excluding Russia) fell by 3% to 37.8 million units in the fourth quarter of 2023. - for 12.4 million pieces. Samsung took second place, falling 12% to 10.8 million units, offset by solid S-series and mid-range A-series shipments.
Nokia down 2.34% in premarket trading
Nokia was lower on Tuesday morning, with shares down -2.34% to 3.76 in pre-market trading. NOK's short-term technical score of 13 indicates that the stock has traded lower than 87% of stocks in the market over the past month.
Will Huawei and its partners buy Nokia's stake in the much-hyped TD Tech joint venture?
In a report published by China's market authority on Friday, Huawei and its partner plan to acquire 100 percent of the shares of TD Tech, a joint venture between Huawei and Nokia established in 2005. According to the disclosed details of the deal, Huawei and Chengdu Gaoxin Investment Group, as well as other players, are jointly planning to acquire 100 percent of TD Tech's shares.
Barclays cuts price target and downgrades Nokia shares to underweight
British investment bank Barclays revised its rating on Nokia shares and decided to downgrade it. The target price was reduced from EUR 4.60 to EUR 3.00. Instead of 'Equal Weight', Nokia shares are now classified as 'Underweight'. The reason behind the decision is that the Finnish telecommunications equipment manufacturer's RAN technology sales in North America have almost halved in the past year.
Nokia shares fall below average trading volume
Nokia (HE: NOKIA ) Corp. American Depository Receipts (ADRs) traded slightly lower on Friday, settling at $3.44. This current price is behind the 52-week high of $5.04, indicating that the Finnish telco has lost momentum. Despite this, Nokia's market capitalization is stable at $19 billion.
Nokia shares price increase on the Helsinki stock exchange
Nokia issued a negative profit warning over the weekend, with the company predicting profits will fall below guidance for 2023 as license renewal talks drag on into 2024. The profit warning was not a surprise, as the schedule has already become tight and the transition of one-time revenues to 2024 is not dramatic in itself, but the transition keeps uncertainty about the timing of revenue streams high.
Inside Information: Nokia expects that it will not achieve its 2023 financial outlook as licensing renewal discussions are expected to continue into 2024
Given this development combined with continued customer spending constraint in the quarter, Nokia now expects it will not achieve its financial outlook for the full year 2023 in relation to net sales, comparable operating margin and free cash flow.
Delhi High Court seeks full access to China's Nokia-Oppo FRAND rate ruling
In the latest development in the 5G patent licensing dispute between Nokia and Oppo, the Delhi High Court on Monday ordered each company to hand over a full, unredacted copy of the FRAND ruling issued by the Chongqing Municipal No. 1 Intermediate People's Court. And there isn't much room for maneuver - the deadline is the next hearing, which is scheduled for tomorrow.
Nokia does not accept the decision of the Chinese court in the important Oppo patent dispute
Nokia does not accept the decision of the Chinese court regarding the patent dispute with the Chinese smartphone manufacturer Oppo, therefore it plans to appeal, and no agreement has yet been reached. Already in 2021, Nokia launched a patent lawsuit against Oppo, including OnePlus and Realme, and in 2022 against Vivo, because they did not agree to renew their patent license agreements according to the terms desired by Nokia, so no agreements were reached.