Nokia $NOK Debunking common myths. And a look at recent news.
As a long on Nokia, I have been lurking this sub and I see a lot of the same misconceptions about Nokia and well, I believe its time for me to bring some clarity to the reality that is $NOK
Myth #1 Nokia is a phone company.
This is wrong, Nokia is not a phone company. They sold their phone business to Microsoft back in 2013 for over 7 billion dollars, later it was sold by Microsoft to HMD for 350 million dollars in 2016, who currently makes the phones. Nokia just gets royalties for the use of their name.
Myth #2 Nokia has been under the same failed management for 25 years.
Correction, Nokia hired on a new CEO Pekka Lundmark in August of 2020 and took full leadership in September. He previously worked for Nokia between 1990 and 2000, when he helped oversee the company’s emergence as the world’s biggest mobile phone manufacturer and a significant player in mobile infrastructure.
Career history:
President and CEO, Fortum, 2015–2020
President and CEO, Konecranes, 2005–2015
Group Executive Vice President, Konecranes, 2004–2005
President and CEO, Hackman, 2002–2004
Managing Partner, Startupfactory, 2000–2002
Senior Vice President, Marketing, Nokia Internet Communications, 1998–2000
Vice President, Strategy & Business Development, Nokia Telecommunications, 1996–1998
Vice President, Access Systems Business Unit, Nokia Telecommunications, 1994–1996
Managing Director, Nokia Telecommunications Denmark, 1992–1994
Account Manager, Nokia Cellular Systems, 1990–1992
Nokia global head to go as executive exodus continues
Myth #3 Nokia is not involved with Autonomous vehicles and cant be compared to Blackberry
Nokia and SoftBank claim 5G first for connected cars
Finnish comms giant and Japanese operator reveal trials that they say successfully demonstrate that 5G technology can be safely and efficiently utilised for connected cars
https://www.computerweekly.com/news/252478438/Nokia-and-SoftBank-claim-5G-first-for-connected-cars
5G ecosystem paves the way to automated vehicles
https://www.nokia.com/blog/5g-ecosystem-paves-way-automated-vehicles/
Nokia Future X for industries solutions can help you digitally transform your vehicle manufacturing operation and bring new levels of safety, engagement and “connectedness” to your customers, partners, suppliers and to your own workforce.
https://www.nokia.com/networks/industries/automotive/
Myth #4 Nokia is losing market share due to competition
While yes, there is strong competition in the 5G market, Huawei the global leader, is facing bans across the United States and Europe, ZTE who makes up a small fraction of the market share is also seeing geopolitical pressure. Current estimates of market share show the following Huawei 28.5% Ericsson 26.5% Nokia 22% Samsung 8.5% ZTE 5% and others 9.5%.
Here is an updated list on each countries stance on Huawei and ZTE. The list is growing as more and more countries decide to venture away from Chinese telecommunication equipment.
[https://www.channele2e.com/business/enterprise/