Nokia has remained well below its sales forecast and has suffered a great loss. Nokia’s sales are down on the smartphone market.
Since Nokia sold its devices and services to Microsoft, it has been struggling to get back on the market. In this regard, HMD Global exhibited successful works with 425 employees during the month of February. In this process Nokia is trying to fix things with a lot of different agreements, according to the new report published by Nokia seems to have not been able to do it.
Nokia’s revenues fell compared to last year, and analysts expect losses in the second quarter of fiscal year. While the company is expecting a loss of 260m euros, this figure rose to 267m euros. Sales, on the other hand, were down by 1 per cent compared to the previous year and amounted to 5.31 billion euros.
Despite this drop, Nokia is trying to keep up with the new devices like Nokia 6.1 Plus. The company is expected to make a major leap forward in the market with smartphone models such as the Nokia 9, which are expected in the upcoming period.