Last week, at Nokia's analyst meeting in Helsinki, it discussed its achievements and its challenges. The company’s successes include its traction and product introductions on the enterprise market, its market traction in selling Nokia’s end-to-end portfolio, and its 5G market momentum. Management reiterated that Nokia has signed 50 5G deals and its products are involved in 16 live 5G network. The company addresses some of its challenges, as well, including its delays in Systems on Chip (SoC) development progress, its diminished operating margins, competitive challenges in China, and an acknowledgement of increased price competition in the 5G era. We focus our writeup on two main topics: Enterprise and semiconductors.
Enterprise. The company leads with private LTE in selling to mostly outdoor environments where mobility needs are key. Nokia calls these networks “private wireless.” Generally, the target companies are those that are asset-intensive businesses, and Nokia has no current plans to go down-market. Nokia has sold to 120 enterprise customers as of September 2019, up from 80 as of June 2019.
Semiconductors. The company discussed semiconductors at great length at the meeting. Here is a summary of the main chips that were discussed.
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CHRIS DePUY
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