View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 1, 1994

MOBILE PHONES RING UP PROFIT FOR NOKIA

By CBR Staff Writer

Reporting better than expected figures, Nokia Oy says it expects to improve its results in all business groups this year. Nokia Telecommunications and Nokia Mobile Phones reported exceptionally good results compared with the average results in the sector, the company said. The combined operating profit of Telecommunications and Mobile Phones business groups was $864m last year. At the net level, the company was still in deficit, dragged down by its troubled consumer electronics unit, structured around ITT Corp’s former European consumer operations. It is pulling out of cathode ray tube manufacture at a cost of $338m, closing the plant at Esslingen, Germany that employs 2,000.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU