Xbox’s Jen MacLean is the latest speaker to join the GamesIndustry.biz Investment Summit at PAX.
21.07.2023 - 01:57 / tech.hindustantimes.com
The chief executive of Nokia Oyj signaled that a near-term decline in operator demand for 5G gear in a worsening economy will turn out to be a passing phenomenon given a “substantial need” to invest in those networks globally.
Nokia on Thursday reiterated that challenges stemming from a deteriorating economic outlook and customers working through existing inventory intensified in the second quarter and are set to continue in the second half. It had made similar remarks last week when cutting its full-year guidance.
“We are of the opinion that this has to be a question of timing because data traffic continues to grow 20 to 30% per year globally,” Chief Executive Officer Pekka Lundmark said in an interview. “In Mobile Networks there is still substantial need for operators to invest in 5G globally with only approximately 25% of the potential mid-band 5G base stations so far deployed outside China. ”
Nokia on Friday delivered an unscheduled profit warning, downgrading its full-year guidance due to a weakening fifth-generation mobile equipment market. It's facing macro-economic headwinds as customers continue to work through inventories that had grown during global supply-chain disruptions. Nokia's move came on the heels of a gloomier outlook from Swedish competitor Ericsson, which similarly had said that its North American business was facing low sales as carriers continue to reduce inventory levels.
Nokia is banking on operators not wanting to fall behind their rivals in expanding 5G coverage.
“There's strong competition between operators. If one operator slows down for a longer period of time, they will lose competitiveness,” Lundmark said. “We believe that the competitive situation will drive their investments. When exactly
Xbox’s Jen MacLean is the latest speaker to join the GamesIndustry.biz Investment Summit at PAX.
Following last month's rating from the South Korean board, a new rumor has emerged regarding a potential Quake II remaster announcement.
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The Witcher producer Tomasz Bagiński has reacted to the ongoing backlash that the Netflix series has faced for changing details from its source material. As many will be aware, the show is based on Polish writer Andrzej Sapkowski’s series of books. While it broadly follows these, some elements have been changed, which has been a source of ire from some fans.
Death Stranding 2 has been completely rewritten following the coronavirus pandemic, director and Metal Gear Solid creator Hideo Kojima explains. With the Death Stranding 2 release date still on the horizon, and also confirmation of a film adaptation, the open-world game will reportedly challenge the various ideas of the original Death Stranding while also altering the meaning of the term ‘stranding.’ It all sounds suitably mysterious, but similarly, Death Stranding 2 is shaping up to be another compelling work from the MGS master.
Is your smartphone too distracting and you need something to balance your digital time? Then we have found just the right solution for you as Nokia has brought the new version of the Nokia 130 and Nokia 150. It might give you flashbacks to the days when we used to play snake games and when life was easy. You must be thinking why this phone now when everyone is looking for a feature-filled smartphone? But this feature phone can help in many ways and, the most important of them is getting a digital break. Also, you can use it as your secondary phone when you need some rest from all the distractions, well except the snake game of course.
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If you were to talk to Americans who watch sports and ask them what the “best sport to watch is,” most people you talk to would likely say football. But most important, many of them would say College Football. While it’s true that the NFL is the highest level of play, there’s something about collegiate sports that inspires the nation in ways that the rest of the world doesn’t understand. People love rooting for their alma maters and the young stars that can change the game at the pro level. That passion eventually led to EA Sports College Football being made for several years.
More big name investors and publishers have signed-up to the GamesIndustry.biz Investment Summit at PAX this month.
X CEO Elon Musk refused the incentives offered by the San Francisco authorities to move its headquarters saying one comes to know about their real friends when "chips are down."