Nokia Sees Revenue Drop in 2021 in Fight for Market Share

Operating profit in the fourth quarter beat analyst estimates
Stock shot up last week after it was targeted by Reddit forum

FRANCE-TELECOMMUNICATION-layoffs-SOCIAL — Photographer: Martin Bureau/AFP/Getty Images

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By Kati Pohjanpalo

February 4, 2021 at 6:23 AM UTC

Updated on

February 4, 2021 at 8:57 AM UTC

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Nokia Oyj said it expects revenue to continue to drop this year as the telecommunications equipment maker battles share loss and falling prices for its products in some markets.