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.

The Finnish telecommunications company Nokia generated over ** billion euros in net sales in 2024. The company's Mobile Networks segment generated the largest share with *** billion euros, followed by the Network Infrastructure segment with *** billion euros. Each of Nokia's segments reported a decrease in net sales in 2024. Nokia sees opportunities in the mobile network sector Nokia's Mobile Networks business group provides services and products for a range of mobile technologies, most notably 5G. Nokia has emphasised the importance of 5G for its operations moving forward, having identified business opportunities in the provision of network slicing, private wireless networks, and radio access networks (RAN). Meanwhile, Nokia’s Network Infrastructure business group builds networks across four subdivisions: Fixed Networks, IP Networks, Optical Networks, and Submarine Networks. From cell phones to network technology Nokia's focus on telecommunications infrastructure is the result of a major strategic shift over the past decade. The company was once known primarily as a manufacturer of mobile handsets, but lost its dominant position in the consumer hardware market amid the rise of iOS and Android smartphones. As a result, the company sought to place a greater focus on networks. Its efforts were bolstered via the 2016 acquisition of the French telecommunications equipment company Alcatel-Lucent, which provided access to a lucrative combination of fixed and mobile networks, and laid the groundwork for Nokia to play a key role in the expansion of 5G networks.

Nokia generated **** billion euros in revenue in Europe in 2024, up from **** billion the previous year. Europe was the only region in which the company reported increased revenue. Nokia overview Nokia is a Finnish communications and information technology company. Founded in 1865, the company is headquartered in Espoo and currently employs more than ****** people. Nokia emerged as a global leader in the mobile market in the early days of the mobile and smartphone era. After the sale of its mobile devices division in 2013, Nokia has focused on data networking services and telecommunications equipment. Nokia’s competitors As of 2021, Nokia is one of the leading telecom infrastructure companies. Nokia’s main competitors in this market are Huawei, Cisco, Ericsson, and Qualcomm. Huawei and Ericsson are also Nokia’s main competitors in the service provider network infrastructure market, with the company ranking second with around ** percent control of the market. Nokia also competes with these firms across several other key technologies including 5G and extended reality (XR).

Nokia reported EUR4.83B in Sales Revenues for its fiscal quarter ending in September of 2025. Data for Nokia | NOKIA - Sales Revenues including historical, tables and charts were last updated by Trading Economics this last December in 2025.

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It's the year 2015 and you are hired as a data scientist to predict future sales of Nokia.

Context

Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, established in 1865. Nokia's main headquarters are in Espoo, Finland, in the greater Helsinki metropolitan area, but the company's actual roots are in the Tampere region of Pirkanmaa.

Content

The dataset is very small and that is the most challenging part here, with limited data, can you accurately predict future sales?

The dataset contains Nokia_Dataset.csv which includes sales from the year 1999 to 2021 along with two additional features, number of employees and net income (profit or loss).

Acknowledgements

https://statista.com/

In the fourth quarter of 2024, Nokia reported net sales of approximately *** billion euros. This was slighlty higher than the *** billion euros generated by the company in the previous quarter.

Nokia reported EUR2.11B in Gross Profit on Sales for its fiscal quarter ending in September of 2025. Data for Nokia | NOKIA - Gross Profit On Sales including historical, tables and charts were last updated by Trading Economics this last December in 2025.

In 2024, Nokia's Network Infrastructure business generated over ** billion euros in revenue. The majority was realized in the Mobile Access division, which generated **** billion euros, down from *** billion euros the previous year.

Nokia reported EUR2.72B in Cost of Sales for its fiscal quarter ending in September of 2025. Data for Nokia | NOKIA - Cost Of Sales including historical, tables and charts were last updated by Trading Economics this last December in 2025.

Credit report of Nokia Sales And Services Gmbh contains unique and detailed export import market intelligence with it's phone, email, Linkedin and details of each import and export shipment like product, quantity, price, buyer, supplier names, country and date of shipment.

Nokia reported EUR4.55B in Sales Revenues for its fiscal quarter ending in June of 2025. Data for Nokia | NOK-W - Sales Revenues including historical, tables and charts were last updated by Trading Economics this last December in 2025.

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 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 ** billion euros in net sales.

Nokia Networks is a Public Company that generates the majority of its income from the Wireless Telecommunications Carriers industry.

This statistic shows the global market share held by Nokia with respect to sales of mobile phones to end users from the first quarter of 2010 to the most recent financial quarter. In the first quarter of 2010, Nokia had a global market share of **** percent of the mobile device market and was the leading mobile device manufacturer worldwide. More recently the company's market share has declined.

Nokia reported EUR1.97B in Gross Profit on Sales for its fiscal quarter ending in June of 2025. Data for Nokia | NOK-W - Gross Profit On Sales including historical, tables and charts were last updated by Trading Economics this last December in 2025.

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

This statistic shows the global smartphone market share held by Nokia each quarter from 2007 to 2013. In the third quarter of 2007, Nokia's market share was **** percent. By the second quarter of 2013 the company's market share had slipped to just *** percent. Background on Nokia Nokia is a Finnish company head-quartered in Espoo, Finland. The company has a long history dating as far back as 1865 and first began developing what would later be modern mobile phone technology in the 1960s. The company has previously been a very strong competitor in the mobile phone and telecommunication market. While the company has struggled to maintain a significant share of the smartphone market, and has also recorded multiple losses in recent quarters, when it comes to feature phones, the company does maintain a relatively secure share of the market when compared to other vendors. The company also continues to perform well in the Asia-Pacific region as well as in the Middle East and Africa where they have previously recorded the greatest sales. Across the North American market however, the company has recorded very poor sales. Previously Nokia used the operating system Symbian for its smartphones. Until 2010, Symbian was performing well in the global market but has since been overtaken by the very dominant Android system and also Apple’s iOS. As of February 2011, Nokia made the announcement that they would be switching to the Microsoft Windows OS. The company was hoping to be able to make a comeback in the smartphone market with the adoption of the Windows operating system. In 2012 however, sales saw another decrease when compared to the previous 2 years.

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

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 technology As 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 business Nokia 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.