Nokia reports 8 pct decline in annual sales

HELSINKI, Jan. 25 (Xinhua) -- The Finnish telecommunications corporation Nokia has reported an 8 percent year-on-year decline in sales for the year 2023, with sales totaling 22.3 billion euros (24.2 billion U.S. dollars).

Net sales in the fourth quarter (Q4) showed a 21 percent year-on-year decline, amounting to 5.7 billion euros, said the company on Thursday.

Although profitability exceeded analysts' exp