04-02-2021 10:16 via kvoa.com

Nokia profit dips as it sees challenges in US market for 5G

HELSINKI (AP) — Finnish telecommunications company Nokia has reported a smaller than expected drop in profit in the fourth-quarter while it acknowledged it was facing some challenges in the race for 5G networks, particularly in the North American market.  The company reported that net profit for the October-December period was down 1% to 811 million euros ($973 million). Sales were down 5% to 6.6 billion euros.CEO Pekka Lundmark, who took over the company’s top spot in August, d
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