https://www.cnbc.com/2017/10/26/nokia-q3-earnings.html

Nokia reported a sharp drop in quarterly earnings from its telecom network gear business, warning the market had turned more challenging due to tough competition in China and consolidation among wireless carriers.

Shares in the Finnish company dropped more than 11 percent by 0739 GMT as it forecast that the market, where it competes with China's Huawei and Sweden's Ericsson, would fall for a third straight year in 2018.