Nokia reaps rewards of 5G demand but supply issues could have future impact

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Nokia is reaping the rewards of global 5G deployments and its own internal changes after beating analyst expectations in the first quarter of 2022.

The Finnish networking giant saw sales rise by 5% to €5.35 billion, driven by demand for its 5G radio equipment, core platforms, and associated services.

This performance is all the more impressive given the supply chain issues and global component shortages that have persisted following the pandemic. Both could increase Nokia’s costs and force it to pass them onto customers.

Nokia results 
“Overall, Q1 was a strong start for the year both in …