Mobile World Live delivers our top three picks of the week, with Ericsson and Nokia hitting earnings speed bumps while cautioning about low operator investment levels in 2024. Meanwhile, Apple opened the door to its App Store to comply with the EU’s Digital Markets Act.
Nokia chief braced for continued RAN market woe
What happened: Nokia CEO Pekka Lundmark warned the company was yet to see any concrete signs of operator investments in mobile networks improving following a tough 2023, as the vendor booked drops in revenue and profit in Q4.
Why it matters: During the quarter, Nokia was hit with the news customer AT&T had signed-up with rival Ericsson for a massive open RAN project, slashed long-term profit targets across the business and started a fresh cost-cutting programme.
“Nokia is doing the right things in terms of further cost cuts but is now fighting back from an even deeper hole than anticipated in December,” Citi analyst Andrew Gardiner noted.
Related Articles
Ericsson warns low operator 5G spend is not sustainable
What happened: Ericsson CEO Borje Ekholm used the company’s latest earnings release to caution of further market decline outside China in 2024, with uncertainties of 2023 expected to continue, while bemoaning current unsustainably-low operator investment levels.
Why it matters: The CEO explained the mobile network industry remains challenging and it expects a further decline of RAN market outside China in 2024.
Related Articles
Apple opens up App Store to appease EU regulators
What happened: Apple announced historic changes for its iOS and App Store offerings across the European Union, in a bid to comply with the Digital Markets Act (DMA) antitrust rules that go into effect in March.
Why it matters: Apple has long faced criticism about the walled garden approach for its App Store, while developers have complained about the high commissions they’re required to pay the company.
Epic Games CEO Tim Sweeney, whose company has fought a heated legal battle against Apple’s walled garden approach, called its App Store announcement “hot garbage” on X.
Related Articles
The post The Friday File: Nokia, Ericsson suffer earnings doldrums appeared first on Mobile World Live.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip