Nokia adjusted its profit guidance for the year, citing currency issues and uncertainties related to US tariffs, forecasting between €1.6 billion to €2.1 billion. The Trump administration's recently announced tariffs on imports from Japan, Korea, and the EU are expected to affect US tech firms significantly. Texas Instruments reported a revenue increase of 16 percent in Q2, but its leadership expressed concerns about tariffs causing unpredictability in supply chains and customer ordering patterns. Overall, these economic factors underline the challenges faced by tech companies in a turbulent trade environment.
Nokia cited "currency headwinds" from the weaker US dollar as well as tariff uncertainty for its decision to lower profit guidance for this year to between €1.6 billion to €2.1 billion.
The Trump administration announced tariff rates that include levies of 25 percent on goods from countries such as Japan and Korea, likely impacting US tech firms.
Texas Instruments reported second quarter revenue of $4.45 billion, but execs pointed to tariffs as a factor causing unpredictability in customer ordering behavior.
CEO Haviv Ilan indicated that supply chains face risks from tariffs, leading to unpredictability in customer ordering behavior, despite strong revenue growth.
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