Nokia lose money in the first quarter of this year due to lack of pounds of the fruit after of investments 5G

Nokia 5G

It seems that Nokia started the year 2019 badly, showed the financial results for the first quarter of 2019 to the Finnish company suffered a great loss unlike the first quarter of last year.

The company recorded a sudden loss amounted to 254 million euros in the first quarter of 2019 with the knowledge that they made a profit worth 46 million euros in the first quarter of 2018. This is the result of investments the company Nokia in 5G technology, and investments that did not start Nokia after to reap the benefits from them. The company is Ericsson of Sweden and Huawei of China and of the main competitors to buy Nokia in Sector 5G, because the Chinese company being harassed on all fronts due to security concerns, this may be a great opportunity to buy Nokia. It’s under great pressure to provide better performance in the 5G in the second half of this year.

Looking many customers now from other suppliers find out 5G after the company has become Huawei out of the picture in some countries around the world, so you need Nokia to seize the opportunity. However, the Finnish company invested a large sum of money and reap the benefits in the long term. So in fact, Huawei fully puts a lot of pressure on Nokia in the short term, but should be useful in the coming months.

Moreover, the company received Nokia in in these losses on the failure to secure the deal a net worth of 200 million euros related to equipment 5G in North America to be one of the culprits in the loss incurred by the company in the first quarter of this year.

Source.

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