Nokia Surprises While Ericsson Grows 5G Footprint - But Dark Clouds Loom In China
Nokia posted better-than-expected 1Q 2021 financials, including improved margins in the critical Mobile Networks division, suggesting that the vendor is closing its 5G portfolio competitiveness gap with rivals. Meanwhile Ericsson continues to increase its 5G footprint in the US and other markets and expects that this will continue throughout 2021. However, dark clouds loom in China for both vendors as Chinese operators prepare for the next 5G auction.
This report provides a back-to-back review of the recent first quarter 2021 results from Ericsson and Nokia and provides a detailed insight into the business units and strategies of the two vendors.
Table of Contents:
- Key Business Assumptions
- Description of Business Units
- Overview of Financial Results
- Business Unit Analysis
- Regional Trends
- Key Points
Number of Pages: 15
Author: Gareth Owen
Published Date: May 2021