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Inside information: Nokia announces a leadership transition – Justin Hotard appointed as successor to Pekka Lundmark


Hotard joins Nokia with more than 25 years’ experience with global technology companies, driving innovation, technology leadership and delivering revenue growth. He currently leads the Data Center & AI Group at Intel. Prior to this role, he held several leadership roles at large technology companies, including Hewlett Packard Enterprise and NCR Corporation. He will be based at Nokia’s headquarters in Espoo, Finland.

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Nokia Corporation Financial Report for Q4 and full year 2024


This is a summary of the Nokia Corporation Financial report for Q4 and full year 2024 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. The detailed, segment-level discussion will be available in the complete financial report hosted at www.nokia.com/financials.

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Nokia to publish fourth-quarter and full-year 2024 financial report on 30 January 2025


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.

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HMD Global to focus on mid-range smartphone segment


NEW DELHI: HMD Global, the maker of Nokia-branded mobile phones, plans to focus on the mid-range segment (INR 15,000-30,000) to launch smartphones under its own brand. It may also consider introducing premium smartphones in a niche market, based on demand and market conditions.

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HMD aims to boost Indian exports amid rising US-China trade tensions


HMD, the maker of Nokia-branded mobile phones, is building capacity and a local supplier ecosystem, anticipating higher exports from India to global markets as the US administration under President-elect Donald Trump is expected to impose higher tariffs on Chinese products.

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Nokia may be kicked out of T-Mobile USA


Earl Lum, an analyst at EJL Wireless Research, says there’s a good chance Nokia could lose T-Mobile’s business as well. To be clear, neither company has said that’s happening. In fact, officials from both Nokia and T-Mobile have repeatedly stated their intention to continue working together.

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Indian smartphone market grew by 6% in Q3 2024


The Indian smartphone market recorded its fifth consecutive quarterly growth, reaching 46 million units in Q3 2024, reflecting a 5.6% growth compared to the same period last year. During this period, Apple achieved its highest ever quarterly shipments in India, at 4 million units, as reported by IDC Worldwide Quarterly Mobile Phone Tracker.

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Xplora and HMD Global collaborate for essential smartphones and smartphones for the youth


Norwegian Xplora Technologies announced today that it has entered into a strategic partnership with HMD Global of Finland. According to Xplora, the goal of the collaboration is to expand into the youth phone market. Xplora is particularly known for its smartwatches for children, which have also become popular in Finland. Now the company aims to expand its product range with phones targeting young (10-15 years old) and older consumers.

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Nokia plans to cut jobs in Finland


The start of change negotiations is related to Nokia's savings program announced a year ago. Network equipment manufacturer Nokia plans to cut 48 jobs in Finland. Nokia already announced in May that it was preparing for further downsizing in Finland. At the time, according to information at the time, the plan was to cut hundreds of jobs at most.

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Nokia is eliminating nearly 2,000 Chinese and 350 European jobs


Despite its Q3 2024 interim report published today, Finland's Nokia Corporation has cut nearly 2,000 jobs in China as part of a sweeping cost-cutting program as the Finnish company struggles with a sluggish telecommunications equipment market, according to a person familiar with the matter. among the latest news from Bloomberg.

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Nokia Corporation Interim Report for Q3 2024


This is a summary of the Nokia Corporation Interim Report for Q3 2024 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.

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