Nokia experienced a net profit of over ***** million euros in 2024. This is an significant increase from the previous year, when the company registered a profit of **** billion dollars. The Finnish company once known for cell phones has shifted its focus to providing telecommunication networks equipment and services - a market which was forecast to grow through 2020. A strong player in networks technologyAs part of its drive into networks technology, Nokia acquired communications equipment company Alcatel-Lucent in 2016 for **** billion euros. This merger provided Nokia with access to inventive research for technology hardware and equipment so it could compete against industry rivals Huawei and Ericsson. Nokia’s business segment Nokia Networks, which Alcatel-Lucent was integrated into, generated the vast majority of Nokia's revenue in fiscal year 2020. Nokia leaves the phone businessNokia has experienced several directional changes during the last few decades. Once a successful phone manufacturer in the early 2000s, the company struggled with increasingly overwhelming competition from Apple and Samsung, leading to a decreasing share of the mobile phone market. Adding to Nokia’s struggle within the mobile phone market was remaining committed to their own mobile operating system (OS) Symbian for too long before switching to Google’s Android OS. After a fruitless partnership with Microsoft, Nokia sold its waning mobile and devices segment to Microsoft and focused on network infrastructure. In recent years, Nokia has invested much of its research and development on 5G cellular network technology.

In 2023, Nokia generated 19.22 billion euros in net sales, a decrease on the 22.26 billion generated the previous year. Nokia's history Founded in 1865, Nokia is a Finnish communications and information technology company. Over the years, Nokia has ventured into different markets: Nokia emerged as a global leader in the mobile market in the early days of the mobile and smartphone era. The company also played a key role in the development of GSM (Global System for Mobile Communications) in the late 1980s and early 1990s. Nokia was once the leading mobile phone vendor. However, due to slow adaptation to newer smartphone technologies, Nokia gradually lost its market-leading position to rivals like Samsung and Apple and its mobile business began to lose money. Nokia’s business evolution After the sale of its mobile devices division, Nokia focused on the data networking services and telecommunications equipment business through its subsidiary Nokia Networks. As of 2020, Nokia's Networks Business is the most revenue-generating business segment of Nokia. The company has also been involved in cloud computing and mapping applications. As one of the leading telecom infrastructure companies, Nokia faces competition from Huawei, Cisco, Ericsson, and Qualcomm.

Nokia net income/loss for the twelve months ending March 31, 2025 was $2.163B, a 17.27% decline year-over-year. Nokia annual net income/loss for 2024 was $1.389B, a 89.07% increase from 2023. Nokia annual net income/loss for 2023 was $0.735B, a 83.62% decline from 2022. Nokia annual net income/loss for 2022 was $4.487B, a 130.57% increase from 2021.

Nokia income after taxes for the twelve months ending March 31, 2025 was $1.313B, a 46.7% increase year-over-year. Nokia annual income after taxes for 2024 was $1.851B, a 153.81% increase from 2023. Nokia annual income after taxes for 2023 was $0.729B, a 83.55% decline from 2022. Nokia annual income after taxes for 2022 was $4.436B, a 126.67% increase from 2021.

In 2024, approximately *** billion euros worth of revenue was generated by Nokia mobile networks. This is a decrease of about ***** million euros from the total net sales reported one year earlier.

Nokia pre-tax income for the twelve months ending March 31, 2025 was $1.735B, a 3.18% increase year-over-year. Nokia annual pre-tax income for 2024 was $2.263B, a 39.47% increase from 2023. Nokia annual pre-tax income for 2023 was $1.622B, a 29.49% decline from 2022. Nokia annual pre-tax income for 2022 was $2.301B, a 0.98% increase from 2021.

UAB "Nokia Solutions and Networks" financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

Nokia income from continuous operations for the twelve months ending March 31, 2025 was $1.312B, a 46.58% increase year-over-year. Nokia annual income from continuous operations for 2024 was $1.851B, a 153.81% increase from 2023. Nokia annual income from continuous operations for 2023 was $0.729B, a 83.55% decline from 2022. Nokia annual income from continuous operations for 2022 was $4.436B, a 126.67% increase from 2021.

This statistic shows the annual net sales of HERE, Nokia's mapping and location software, between 2010 and 2015. HERE generated net sales of just over * billion euros in 2015.

UAB "NOKIA LIETUVA" financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

The revenue of Nokia Oyj with headquarters in Finland amounted to ***** billion euros in 2023. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2019 this is a total decrease by approximately **** billion euros. The trend from 2019 to 2023 shows, however, that this decrease did not happen continuously.

Nokia other operating income or expenses for the twelve months ending March 31, 2025 were $0.575B, a 170.04% increase year-over-year. Nokia annual other operating income or expenses for 2024 were $0.581B, a 108.91% increase from 2023. Nokia annual other operating income or expenses for 2023 were $0.278B, a 177.42% decline from 2022. Nokia annual other operating income or expenses for 2022 were $-0.359B, a 192.02% decline from 2021.

The gross profit of Nokia Oyj with headquarters in Finland amounted to **** billion euros in 2023. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2019 this is a total increase by approximately **** billion euros. The trend from 2019 to 2023 shows, however, that this increase did not happen continuously.

Nokia provides separate net sales disclosure for its different customer types: (i) Communication Service Providers, (ii) Enterprises and (iii) Licensees. Nokia's biggest customer type in 2024 was communication service providers, in which it generated approximately 15 billion euros in net sales.

The total assets of Nokia Oyj with headquarters in Finland amounted to 39.86 billion euros in 2023. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2019 this is a total increase by approximately 0.73 billion euros. The trend from 2019 to 2023 shows, however, that this increase did not happen continuously.

This statistic shows the annual net sales of HERE by geographical region between 2010 and 2014. Nokia's HERE brings together Nokia's mapping and location assets under one brand. HERE's biggest market in 2013 was Europe, in which it generated *** million euros in net sales.

According to Cognitive Market Research, The Global Base Station Antenna market size is USD 8.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 17.60% from 2023 to 2030.

The demand for Base Station Antenna s is rising due tothe increasing adoption of smartphones, coupled with the availability of high-speed mobile networks, has led to a surge in mobile data consumption.
Demand for Omnidirectional remains higher in the Base Station Antennamarket.
The Wireless Communications category held the highest Base Station Antenna market revenue share in 2023.
Asia-Pacific will continue to lead, whereas the North-America Base Station Antenna market will experience the most substantial growth until 2030.

5G Network Expansion to Provide Viable Market Output

A primary driver in the Base Station Antenna market is the rapid expansion of 5G networks worldwide. As the telecommunications industry transitions to the next generation of wireless technology, the demand for advanced base station antennas capable of supporting higher frequencies and data rates has surged. The deployment of 5G networks requires a denser network infrastructure, driving the need for innovative and efficient base station antenna solutions. This pivotal shift in technology acts as a key catalyst, propelling growth in the market as telecom operators invest in upgrading their networks to harness the capabilities of 5G technology.

March 2023 - Radio Frequency Systems collaborated with Nokia to launch a new antenna platform to support the 5G network. The antenna is built in a compact design with 5G base station capabilities.

(Source: www.rfsworld.com/articles/press-releases/rfs-works-with-nokia-to-launch-a-new-antenna-platform-to-support-simplified-5g-network-roll-out#:~:text=Lannion%2C%20France%2C%20March%207th%2C,design%20to%20further%20enhance%205G)

Increasing Data Traffic and Connectivity Needs to Propel Market Growth

The escalating demand for data-intensive applications, such as video streaming, augmented reality, and the Internet of Things (IoT), serves as another crucial driver in the Base Station Antenna market. The exponential growth in data traffic necessitates enhanced connectivity solutions, driving the adoption of advanced base station antennas. As users increasingly rely on mobile devices for diverse applications, telecom operators seek to optimize their networks to handle higher data volumes efficiently. This demand for improved connectivity and network performance acts as a significant driver, steering the Base Station Antenna market toward innovative solutions capable of meeting the evolving needs of a data-driven society.

October 2022 - Huawei Technologies Co., Ltd. launched its latest antenna solution, which includes the Maxwell platform and X2 antenna series for the evolution of the 5G antenna. This new solution would help the company enhance antenna configuration capability and deploy 5G more efficiently.

(Source: www.huawei.com/en/news/2022/10/x2antenna-maxwellplatform-5g)

Market Dynamics of the Base Station Antenna

Regulatory Challenges and Zoning Restrictions to Certain Ingredients to Restrict Market Growth

One key restraint in the Base Station Antenna market is the array of regulatory challenges and zoning restrictions associated with the deployment of new antennas. Governments and local authorities often impose stringent regulations regarding the placement and aesthetics of base station antennas, leading to delays and increased costs for network expansion. Zoning restrictions, particularly in densely populated urban areas, pose challenges for operators aiming to densify their networks to support technologies like 5G. Navigating these regulatory hurdles becomes a critical factor influencing the pace of base station antenna deployment and, consequently, the overall market dynamics.

Impact of COVID-19 on the Base Station Antenna Market

The COVID-19 pandemic significantly impacted the Base Station Antenna market, introducing challenges and opportunities. The initial disruptions in the supply chain, coupled with lockdowns and restrictions, led to delays in manufacturing and deployment, affecting the rollout of new network infrastructure projects. However, the increased demand for high-speed and reliable connectivity, driven by the surge in remote work, online education, and digital communication, accelerated the need for enhanced ...

The net cash of Nokia Oyj with headquarters in Finland amounted to 1.3 billion euros in 2023. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2019 this is a total increase by approximately 927 million euros. The trend from 2019 to 2023 shows, however, that this increase did not happen continuously.

The total equity of Nokia Oyj with headquarters in Finland amounted to 20.54 billion euros in 2023. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2019 this is a total increase by approximately 5.22 billion euros. The trend from 2019 to 2023 shows, however, that this increase did not happen continuously.

The Iraq Telecom market, valued at $350.87 million in 2025, is projected to experience robust growth, driven by increasing smartphone penetration, rising internet usage, and government initiatives promoting digital infrastructure development. The Compound Annual Growth Rate (CAGR) of 4.22% from 2025 to 2033 signifies a steady expansion, fueled by the growing adoption of mobile broadband services and the burgeoning demand for Over-the-Top (OTT) and Pay TV services. Key players like Nokia, Huawei, Ericsson, and Zain Group are strategically investing in network infrastructure upgrades to cater to this rising demand. The market is segmented by service type, encompassing voice (wired and wireless), data, and OTT/Pay TV services, with data services likely holding the largest market share due to increasing internet adoption. Growth is further propelled by the expanding young population eager to embrace digital technologies and the increasing need for reliable communication across both urban and rural areas. However, challenges such as political instability, infrastructural limitations in certain regions, and competition from alternative communication methods could temper growth to some extent. The forecast period (2025-2033) presents significant opportunities for telecom operators to capitalize on the growing market. Expanding 4G/5G networks, offering competitive data packages, and developing tailored services for specific demographics are key strategies for achieving sustainable growth. The market will likely see increased investment in network security, customer service improvements, and the exploration of new technologies like the Internet of Things (IoT) and cloud computing. Furthermore, collaborative efforts between the government and private sector are critical to overcome infrastructural challenges and promote wider internet access across Iraq, unlocking the full potential of this dynamic market. Competition will intensify among existing players and potential new entrants, driving innovation and shaping the future landscape of the Iraqi telecom industry. Recent developments include: April 2024: Zajil Telecom, a Kuwaiti telecommunications company, strategically partnered with the Iraqi Informatics & Telecommunication Public Company (ITPC) to create a new telecommunications route. This route will directly connect the Gulf Cooperation Council (GCC) nations to Europe, passing through Iraq., January 2024: DE-CIX, the prominent player in Internet Exchange (IX) operations, and IRAQ-IXP, Iraq's pioneering neutral Internet Exchange spanning all regions, jointly unveiled the live status of their collaborative venture, "IRAQ-IXP powered by DE-CIX." This initiative actively links networks, with a notable twelve networks already onboarded or in the onboarding phase. The interconnection platform is set to serve as a hub for regional connectivity, enabling local networks low-latency interconnection and global content localization while increasing network stability, scalability, and security.. Key drivers for this market are: Rising demand of 5G network across the Nation, Aglile digital transformation across the industries. Potential restraints include: Rising demand of 5G network across the Nation, Aglile digital transformation across the industries. Notable trends are: The Demand for Fixed Broadband Services is Rising.