Nokia won’t meet its sales outlook due to delayed license deals
In a recent development, Nokia has announced adjustments to its financial outlook for the year 2023. The key factor influencing these changes is the delay in closing outstanding license renewals in Nokia Technologies. Initially anticipated to conclude by year-end, negotiations are now expected to extend into 2024, impacting Nokia’s financial performance for the current year.
Despite intense negotiations and favorable court decisions globally, Nokia emphasizes its commitment to preserving the value of its patent portfolio over meeting specific resolution timelines.
Nokia hasn’t provided preliminary financial results but will report its fourth-quarter and full-year 2023 financial results on January 25, 2024.
Despite the challenges faced in the current financial period, Nokia remains optimistic about the future, with improving order trends and a forthcoming update on its financial outlook for 2024. Investors and stakeholders will be eagerly awaiting the detailed financial results and projections to gain a clearer understanding of Nokia’s path forward.
Nokia’s stocks dropped in the past six months, but since the December announcement of the AT&T loss, they have recovered a bit, which is a good sign.
