26 days ago • Posted by Martin Boujol

Nokia faces diminishing revenues and struggles to hold its market share

Nokia Oyj expects its revenue to keep falling in 2021, as they battle market share loss and the price drop of some of its products. They expects 2021 sales to be between $24.7 and $26.2 billion, while Bloomberg analysts estimated around $26 billion. Nokia trades at around 17 times earnings, and its shares are up 20% this year, compared to the 6% gain of the Stoxx Europe 600. 

Source: Yahoo Finance, Bloomberg

#Stocks
Nokia faces diminishing revenues and struggles to hold its market share
bg_nwsletter