Nokia sees double-digit fall in January-March sales as weak market for 5G technology prevails
Thursday, 18 April 2024 () Wireless and fixed-network equipment maker Nokia has reported a smaller-than-expected profit and a substantial double-digit fall in sales in the first quarter due to a market weakened by a lack of investment by clients in 5G technology. The Finnish company reported a net profit of 501 million euros for the January-March period, up 46% from 342 million euros a year earlier. One-off gains from Nokiaβs licensing business contributed to the profit. Nokia's CEO said the ongoing weakness in the telecom equipment market was expected, because of economic uncertainty and high financing costs.
US Job Market , Stays Strong Despite , Widespread Layoffs.
'Newsweek' reports that government job cuts are at the highest
they've been since September of 2011, with the most recent
wave of layoffs..
Credit: Wibbitz Top Stories Duration: 01:30Published
US Housing Market , Sees Sales of New Homes , Plummet in Several States.
'Newsweek' reports that sales of new homes
across the Northeast and Midwest plummeted
in February, dragging the overall..
Credit: Wibbitz Top Stories Duration: 01:31Published
Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage..
Credit: Wibbitz Top Stories Duration: 01:31Published
Thursday, 18 April 2024 ()
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