Nokia reported fourth-quarter and full-year earnings in line with analysts’ expectations, although its business did see an impact from Verizon’s choice of Samsung 5G equipment over Nokia’s.
Pekka Lundmark, president and CEO of Nokia, said that 2021 was “truly transformational for Nokia in many ways” and that it was a time of refocusing on and strengthening its technology leadership.
Nokia reported net sales for the fourth quarter of 6.4 billion Euros, down from 6.6 billion Euros in the year-ago quarter; in the fourth quarter, the company reported 10% growth in its network infrastructure, but a 16% drop in sales in its mobile networks business.
