Diversification Paying Dividends For Nokia As It Seeks Further Market Share Gains in 2023
Overview:
Nokia had a good fourth quarter with revenue up 16.8% YoY to $8.2 billion. Like rival Ericsson, it benefited from a one-off IPR license payment resulting in net profit surging 364% to $3.4 billion, but with all its businesses recording revenue growth. Despite also experiencing a slowdown in North America, Nokia is more bullish about its prospects in 2023.
This insight report provides an overview of Nokia's 4Q 2022 quarterly results with detailed analyst comment and viewpoint.
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Author
Gareth Owen
Gareth has been a technology analyst for over 20 years and has compiled research reports and market share/forecast studies on a range of topics, including wireless technologies, AI & computing, automotive, smartphone hardware, sensors and semiconductors, digital broadcasting and satellite communications.
