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Nokia shares slide 8% after posting lowest quarterly net sales figure since 2015

By CNBC   |   Jul 18, 2024 at 04:23 AM EST
Nokia shares slide 8% after posting lowest quarterly net sales figure since 2015

Nokia's stock fell 8% after reporting a 32% decrease in Q2 operating profit due to weak 5G equipment demand. CEO Pekka Lundmark attributes decline to challenging market conditions and cautious operators in the mobile networks sector.

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