Even the CEO of Nokia is puzzled! Interesting increase in Nokia
The Finnish phone manufacturer Nokia , the second-quarter report is released for his work. This report, which includes the months of April, May and June, has given surprising results. Even the CEO of Nokia is puzzled! Interesting increase in Nokia
Nokia is proud of its second quarter report
The 155-year-old company, which experienced an 11 percent decline in revenue due to the Corona virus and China’s rise in the smartphone market, generated 5 billion euros in the second quarter . Despite this decline, Nokia witnessed an increase in its net profit. Even the CEO of Nokia is puzzled! Interesting increase in Nokia
Increasing its net profit to 99 million euros ($ 116.5 million), the company suffered losses of 193 million euros ($ 227.2 million) last year . Nokia’s year-end growth forecast is 35 percent , saying that their shipments have increased .
Rajeev Suri, Nokia’s number one name, said the following on the subject: “Nokia witnessed effective growth despite the COVID-19 outbreak. Cash flow has increased significantly, and our rate of profitability has been better than expected. ” Even the CEO of Nokia is puzzled! Interesting increase in Nokia
“Employment projects focusing on mobile applications have increased and our earnings per share are doing well. We also achieved a positive growth compared to last year. ”
Nokia said it would focus on money-saving mobile projects. Rajeev Suri thinks that his team will produce high value added projects and the cash flow will accelerate.
From these statements, we can understand that the company, founded in 1865, will produce new smartphones and compete with others. How do you think the future of the Finnish company will be? We are waiting your comments.
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