Table:
| Most recent three-year average seasonality |  |  |  |  |
| --- | --- | --- | --- | --- |
|  | First quarter | Second quarter | Third quarter | Fourth quarter |
| Sequential change, sales | -25% | 11% | 4% | 17% |
| Share of annual sales | 22% | 24% | 25% | 29% |
Paragraphs:
Seasonality
The Company’s sales, income and cash flow from operations vary between quarters, and are generally lowest in the first quarter of the from operations vary between quarters, and are generally lowest in the first quarter of the year and highest in the fourth quarter. This is mainly a result of the seasonal purchase patterns of network operators.
Question:
Which quarter has lowest in sales, income and cash flow from operations?
Answer: First quarter