https://apnews.com/894c6e9c4f1d475c91719f8e525cb9cc

HELSINKI (AP) — Nokia has warned that its full-year profits this year and next will be lower than previously thought because of acute competition and costs related to new-generation 5G networks.

The warning from the Espoo, Finland-based maker, came as it reported a 14% decline in third-quarter net profits of 267 million euros ($296 million), against 309 million euros a year earlier. Sales were up 4%, however, at 5.7 billion euros.