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/ Nokia Q2 profit misses analysts' predictions, pins its hopes on 5G
Nokia Q2 profit misses analysts' predictions, pins its hopes on 5G
Nokia's operating profits for Q2 missed estimates - they were €334 million (42% down from Q2 last year) while analysts were predicting €373 million. The company is banking on money from 5G to improve the second half of 2018. Nokia's largest business, Networks, brought in €4.7 billion in sales but only a tiny €69 million in operating profit. Most of the total profit came from Nokia Technologies, the patent licensing division, which made €292 operating profit on net sales of €361. That's a 27% year-on-year increase. US carriers are preparing to launch their 5G networks and Nokia...
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