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Nokia revenue decreased from €23.3 billion in 2019 to €21.9 billion in 2020, a (6.2%) decrease.

Annual Revenue ()

Nokia revenue was €21.87 b in FY, 2020 which is a (6.2%) year over year decrease from the previous period.

Quarterly Revenue ()

FY, 2017FY, 2018FY, 2019FY, 2020
Revenue€23.15 b€22.56 b€23.32 b€21.87 b
Growth(2.00%)(2.52%)3.33%(6.21%)
Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020
Revenue€4.92 b€5.31 b€5.46 b€5.03 b€5.69 b€5.69 b€4.91 b€5.09 b€5.29 b

Annual Growth Rate (%)

Revenue Breakdown

Business Segment

Geographic Segment

Nokia revenue breakdown by business segment: 12.1% from Nokia Software, 77.0% from Networks, 6.4% from Nokia Technologies and 4.5% from Other

Nokia revenue breakdown by geographic segment: 8.7% from Middle East and Africa, 17.6% from Asia-Pacific, 32.6% from North America, 30.3% from Europe, 6.3% from Greater China and 4.6% from Other

FY, 2020FY, 2019FY, 2018FY, 2017
Group Common and Other$983 m$897 m$974 m$1.06 b
Global Services€5.71 b€5.81 b
Nokia Technologies€1.4 b€1.47 b€1.49 b€1.64 b
IP Networks and Applications€5.72 b€5.74 b
Ultra Broadband Networks€8.69 b€8.97 b
Nokia Software€2.66 b€2.77 b
Networks€16.87 b€18.21 b
FY, 2020FY, 2019FY, 2018FY, 2017
India€1.35 b€1.63 b€1.46 b
France€1.23 b€1.18 b€1.3 b
Other€11.07 b€10.24 b€10.63 b
China€1.51 b€1.75 b€2.08 b
Finland€1.55 b€1.56 b€1.7 b
United States€6.61 b€6.2 b€5.99 b
Middle East and Africa€1.89 b
Asia-Pacific€3.85 b
North America€7.12 b
Europe€6.62 b
Latin America€1.01 b
Greater China€1.38 b

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