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Ecosystems for the rest of us

Before companies can benefit from collaborations, they must be clear about their role. ....

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Ecosystems for the rest of us Copy

Before companies can benefit from collaborations, they must be clear about their role. ....

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Nokia faces a long road to mobile recovery


On a sub-zero but sunny morning in Helsinki, the news from Nokia was a chilly reminder of the difficulties that face the huge Finnish network equipment maker, accompanied by a few glimmers of light.
First, the bad news. Mobile access, the huge unit (soon to be a standalone one) that generates nearly half of company sales, is in for a torrid 2021. Revenues are expected to decline significantly, CEO Pekka Lundmark told reporters this morning. Nokia has already backed sheepishly out of China s vast market for 5G radio access network products. More recently, it appears to have been struggling in North America, too. After South Korea s Samsung beat it to a major contract with Verizon, it expects to lose share in a more price-competitive US market this year. Nor will mobile deliver a profit. Nokia s forecast is that it will just break even, at the operating margin level. ....

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