HELSINKI (AP) — Nokia says its second-quarter earnings slumped as clients were not willing yet to increase spending on the faster but more expensive new generation of mobile networks and are seeking price cuts.
The Finnish maker of telecommunications gear said Thursday that its net profit for the April-June period came in at 144 million euros ($169 million), down from 449 million euros a year earlier. Sales fell 6 percent to 5.3 billion euros.
HELSINKI (AP) — One of Europe's largest startup events opened Thursday in Finland, with 2,600 companies and 1,500 investors networking and negotiating funding, as the region looks to ramp up an industry that has long struggled to compete with the tech giants of the U.S.
The two-day Slush conference in Helsinki brought in star power to promote itself, including former U.S. Vice President Al Gore to kick off the event as well as Britain's Prince William.
HELSINKI (AP) — Nokia has reported a net loss for the third quarter amid a 7 percent drop in revenue as global demand for networks and telecommunications equipment remained weak.
The Finland-based networks operator said Thursday its net loss was 192 million euros ($227 million) compared to 119 million euro loss a year earlier on sales of 5.5 billion euros in the July to September period.