Due to the ongoing market weakness, Nokia reported a 19% year-on-year constant currency decline in net sales in the first quarter of 2024. Within a challenging environment, order trends continue to improve year-on-year, particularly in the Network Infrastructure business unit.
In today's fast-growing vertical industries like transportation, healthcare, and intelligent manufacturing, the demand for customized upgrades and higher bandwidth in cabling infrastructure and network management software is ever-present. Rosenberger addresses these needs with a diverse range of solutions designed to support the development of private enterprise networks and passive fiber-optic broadband networks, ensuring high performance and reliability, especially in last-mile connectivity.
During Q1 2024, Ericsson continued to execute its strategy to strengthen its leadership in mobile networks, drive a focused expansion in enterprise, and pursue cultural transformation.
Ericsson has partnered with Umniah to leverage the capabilities of Ericsson’s Cognitive Software portfolio, revolutionizing network performance in Jordan.
In today's tech-driven world, advancements in artificial intelligence (AI), autonomous driving, Internet of Things (IoT), and 5G Advanced (5G-A) are reshaping the landscape of computing. One of the most significant trends emerging from this evolution is the increasing demand for edge computing. According to Grand View Research, the global edge computing market size reached USD 16.45 billion in 2023 and is projected to witness a remarkable compound annual growth rate (CAGR) of 36.9% from 2024 to 2030. Edge computing, still in its infancy, holds tremendous promise for businesses worldwide.
Nokia released its 2023 sustainability report outlining its performance relating to the company’s sustainability strategy. The strategy consists of five focus areas: Environment, Industrial Digitalization, Security and Privacy, Bridging the Digital Divide, and Responsible Business. Nokia's sustainability strategy focuses on maximizing impact in areas relevant to the company and its stakeholders, guiding technology and business decisions.
In 2023, Huawei—the Chinese tech giant—saw its profits soar, more than doubling to 87 billion Chinese yuan (CNY) (equivalent to USD 12 billion), compared to CNY 35.6 billion in 2022. However, this fell short of its record profit of CNY 113.7 billion in 2021. The company also reported a 9.6% surge in revenue, amounting to CNY 704.2 billion.
ZTE Corporation, a global leading provider of information and communication technology solutions, unveiled its global brand vision "Better for All" for mobile devices and Full-Scenario Intelligent Ecosystem 3.0 at Mobile World Congress 2024. Meanwhile, ZTE launched a collection of innovative products and technologies, including the world's first 5G+AI eyewear-free 3D tablet nubia Pad 3D II.
Netcracker Technology has received the highest ranking for its innovative products and solutions and successful record of service delivery and digital transformation projects with operators around the world.
During his opening speech at MWC 2024, Börje Ekholm, President and CEO at Ericsson, said Ericsson’s ambition is to put the relevance of the network at the center of digitalization.
