Nokia third-quarter profit beats expectations Reuters
Nokia third-quarter profit beats expectations - Reuters
In short
Nokia's third-quarter profit of €275 million exceeded expectations, driven by strong sales of smartphones and tablets and a 10% increase in revenue. The company also reported a 13% rise in 5G network orders, but warned of potential earnings impacts due to the semiconductor shortage.
Key points
- Sales of smartphones and tablets drove revenue growth.: Sales of smartphones and tablets drove revenue growth.
- The company's warning about future earnings due to the semiconductor shortage.: The company's warning about future earnings due to the semiconductor shortage.