News | Latest Breaking News Stories & Headlines

Nokia sees stronger second half after second-quarter miss

Nokia expects the second half of 2025 to be stronger than the first, CEO Justin Hotard said today, two days after the network equipment maker issued a profit warning due to a weaker US dollar and tariffs.

Business • 24 Jul

Amazon said in a statement that the companies had signed a "multi-year patent agreement."

Amazon, Nokia settle international patent dispute

Nokia announced today that it had settled a worldwide patent dispute with Amazon over the tech giant's alleged misuse of Nokia's streaming video technology in Prime Video and Twitch streaming services.

Business • 31 Mar

Nokia chief executive Pekka Lundmark is to step down

Nokia picks Intel's AI and data centre boss as new CEO

Finland's Nokia said today that Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.

Business • 10 Feb

Nokia's fourth quarter profit beats estimates

Finland's Nokia has reported stronger than expected fourth-quarter adjusted operating profit and sales, helped by higher demand for telecoms gear from mobile operators in North America and India, and forecast an upbeat 2025.

Business • 30 Jan

Nokia Q3 profit beats expectation, sees signs of recovery

Finnish telecom equipment supplier Nokia has today reported a 9% rise in third-quarter operating profit on cost cuts, and echoed rival Ericsson in seeing demand recovery in some areas.

Business • 17 Oct 24

Lundmark was appointed as Nokia's CEO in 2020.

Nokia denies report on moves to replace CEO

Nokia is not undertaking a process to replace President and CEO Pekka Lundmark, the company told Reuters today, denying an earlier Financial Times report saying it is looking for a new chief executive.

Business • 12 Sep 24

The new Barbie phone allows users to make calls and send texts but gives no access to social media apps

HMD launches Barbie phone in partnership with Mattel

HMD Global, which makes Nokia-branded phones, said it has teamed up with toymaker Mattel to launch the HMD Barbie Phone - a pint-sized pink feature flip phone with a retro design.

Business • 28 Aug 24

Nokia Q2 profit falls 32% on weak demand for telecom gear

Nokia has today reported a 32% drop in second-quarter operating profit, citing weak demand for 5G telecom equipment, but the Finnish telecoms group said sales should recover towards the end of 2024 with the help of orders from North America.

Business • 18 Jul 24

US optical networking gear maker Infinera is especially strong in intra data centre communications

Nokia taps AI boom with $2.3 billion Infinera deal

Nokia's bid to buy US optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence.

Business • 28 Jun 24

Nokia CEO makes world's first 'immersive' phone call

Nokia CEO Pekka Lundmark has made a phone call using a new technology called "immersive audio and video" that improves the quality of a call with three-dimensional sound, making interactions more lifelike, the company said.

Business • 10 Jun 24

Nokia has today repeated an outlook given in January for a comparable operating profit in 2024 of €2.3-2.9 billion

Nokia's quarterly profit lower than expected

Finnish telecom gear maker Nokia has today reported a smaller-than-expected rise in quarterly profit as sales tumbled because operators bought less 5G technology, but said it expected a sales pick-up this year.

Business • 18 Apr 24

Nokia's fourth quarter profit beats expectations

Nokia's fourth-quarter operating profit beat expectations today despite weak sales of 5G equipment as the Finnish telecom gear maker kept a tight lid on costs, and forecast demand recovery in the second half of 2024.

Business • 25 Jan 24

Nokia and Deutsche Telekom announced a deal in Germany today

Nokia lowers profit margin target, wins Germany deal

Finnish telecom equipment maker Nokia said today it had revised down its comparable operating margin target to at least 13% by 2026 from at least 14% previously, after losing a deal with a US telecom carrier.

Business • 12 Dec 23

Nokia said it is targeting between €800m and €1.2 billion in cost savings by 2026

Nokia to cut up to 14,000 jobs after sales drop 20%

Finnish telecom gear group Nokia will cut up to 14,000 jobs to reduce costs, it said today, after weaker demand for next-generation 5G equipment lowered third-quarter sales by a fifth, adding it did not expect a market recovery soon.

Business • 19 Oct 23

Nokia has cut its 2023 sales outlook of €23.2-24.6 billion from €24.6-26.2 billion

Nokia profit falls on North American slowdown

Finnish telecom gear group Nokia has today reported a drop in second-quarter profit due to a drop in margin as growth in sales of 5G gear in markets such as India failed to offset slowing demand in North America.

Business • 20 Jul 23

Nokia is scheduled to publish its full second-quarter earnings report on July 20

Nokia warns on Q2, lowers full-year results guidance

Finnish telecom gear group Nokia has today reported preliminary second-quarter sales of €5.7 billion and a comparable operating profit margin of 11%, and lowered its full-year outlook.

Business • 14 Jul 23

Nokia said its first-quarter comparable operating profit fell to €479m from €583m last year

Nokia's quarterly profit misses forecast

Nokia has today reported operating profit below market expectations for the first quarter and the Finnish company said it was seeing signs of customer spending slowing down.

Business • 20 Apr 23

Nokia changes iconic logo to signal strategy shift

Nokia has announced plans to change its brand identity for the first time in nearly 60 years, complete with a new logo, as the telecom equipment maker focuses on aggressive growth.

Business • 27 Feb 23

Nokia said its fourth-quarter comparable operating profit rose to €1.15 billion from €908m last year

Nokia's quarterly profit beats expectations

Nokia today beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker benefited from 5G roll-out in countries such as India.

Business • 26 Jan 23

Nokia has signed a new cross-license 5G patent agreement with Samsung

Nokia signs new 5G patent deal with Samsung

Nokia said today it has signed a new cross-license patent agreement with Samsung following the expiry of a previous agreement at the end of 2022.

Business • 23 Jan 23

Nokia's share price is down some 15% so far this year

Nokia quarterly operating profit lags expectations

Nokia has today reported quarterly operating profit below market expectations despite the Finnish telecom equipment maker continuing to benefit from strong demand from phone companies as they roll out 5G.

Business • 20 Oct 22

Second-quarter comparable operating profit rose to €714 million from €682 million last year.

Nokia's quarterly operating profit beats forecasts

Finnish telecom equipment maker Nokia has reported quarterly operating profit ahead of market expectations, boosted by strong demand for 5G gear from phone companies.

Business • 21 Jul 22

Nokia has been gaining ground against rivals such as Sweden's Ericsson and China's Huawei

Nokia's quarterly profit beats on 5G demand

Telecom equipment maker Nokia has today reported a stronger than expected quarterly operating profit, helped by higher demand for 5G gear despite supply chain constraints.

Business • 28 Apr 22

Nokia's decision to leave Russia will affect about 2,000 workers

Nokia says to stop doing business in Russia

Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson, which said yesterday it was indefinitely suspending its business there.

Business • 12 Apr 22

Nokia's fourth-quarter adjusted operating profit of €908m was better than the €822m expected by analysts

Nokia resumes dividend as turnaround gathers pace

Nokia has restarted its quarterly dividend and initiated a share buyback programme after reporting fourth-quarter comparable operating earnings above markets estimates as the Finnish telecoms equipment maker kept costs in check.

Business • 03 Feb 22