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HMD Global is the new mobile phone brand
HMD Global is the new mobile brand in our mobile world, as announced by Jean-Francois Baril, co-founder and CEO of HMD Global Oy, in his Linkedin post. The post does not specify the date of the new phone announcement, but in addition to Nokia devices, HMD-branded devices will also be introduced.
Nokia pulled out of sale of TD Tech Stake
Shares in New East New Materials fell after Nokia called off the sale of its stake in its joint venture with Huawei Technologies to the Chinese ink and adhesives company.
Nokia's shipments to grow by 39% in the second quarter of 2023 in India
According to a CyberMedia Research report, the Inida mobile market grew by 9%, with Nokia Mobile in third place with 11% growth in the second quarter of 2023. Interestingly, G feature phone shipments grew by 108% year-on-year while India's overall smartphone market declined by 6%, while the 5G segment grew by 45% year-on-year with a 47% share.
Vice President Kamala Harris visits Wisconsin to bring 200 Nokia jobs to the state
The new jobs were created as a result of "Bidenomics," the vice president said at an event with Commerce Secretary Senator Baldwin. During a visit to Wisconsin on Thursday, Vice President Kamala Harris praised Nokia's plans to manufacture broadband networking electronics products in Kenosha County, which could bring up to 200 jobs to the area.
Biden thanked Nokia - Made in America
The American president expressed his satisfaction with the fact that the Finnish company manufactures broadband electronics in the United States. US President Joe Biden thanked Nokia on the X microblogging service (Twitter).
Nokia's sales crossed Rs 9,500 billion in India in the second quarter
Nokia posted a revenue of ₹ 9,500 crore in India during the April-June period, boosted by the rollout of 5G. India market head Sanjay Malik told Danish Khan that 5G-driven growth is happening faster in India than in some developed markets. The company is backing Vodafone Idea's existing 4G operations and is awaiting funding from the telco...
Research analysts provide forecasts for Nokia Oyj's fiscal year 2024
Equities research analysts at Northland Capmk issued their FY2024 estimates for Nokia Oyj in a report on Monday, July 24th. Northland Capmk analyst T. Savageaux anticipates that the technology company will post earnings of $0.50 per share for the year. The consensus estimate for Nokia Oyj's current full-year earnings is $0.42 per share.
Nokia Corporation Financial Report for Q2 and Half Year 2023
This is a summary of the Nokia Corporation Financial Report for Q2 and Half Year 2023 published today. Nokia only publishes a summary of its financial reports in stock exchange releases. The summary focuses on Nokia Group's financial information as well as on Nokia's outlook.
Nokia shares fell almost 10% on the day
Nokia revised down its sales forecast for 2023 in response to weaker demand in the second half of the year due to the macroeconomic environment due to high inflation and rising growth. eating into interest rates and customer inventory.