Nokia’s AI Gamble Targets 60% Profit Surge

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Finnish telecom giant Nokia has unveiled strategy changes and ambitious goals.

CEO Justin Hotard’s comprehensive overhaul, announced during the company’s Capital Markets Day, targets annual operating profits of €2.7 to €3.2 billion by 2028 — representing a potential 60% surge from the €2 billion generated over the last 12 months.

Nokia isn’t just making promises — they’re already delivering results. Last month, the company’s third-quarter comparable operating profit hit €435 million, crushing analyst expectations of €342 million. That’s a 27% earnings beat that sent shockwaves through Wall Street and confirmed something industry insiders have been whispering about: Nokia’s AI transformation is working.

The numbers tell a story of unprecedented ...