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Nokia Oyj has received mixed ratings from analysts, with one sell, one hold, and four buy ratings, leading to a consensus of "Moderate Buy" and an average price target of $5.85. The company reported a quarterly revenue of $4.98 billion but missed EPS estimates, while also announcing a dividend increase to $0.0336 per share. Institutional investors have been active, with Deutsche Bank AG raising its holdings by 12.3% in the fourth quarter.
Ericsson and Nokia have cut approximately 20,000 jobs, about 10% of their workforce, due to a slowdown in 5G investments and increased competition, while Huawei has expanded its R&D team by 33,000 employees despite U.S. sanctions. Huawei's sales revenue surged by 22% in 2024, contrasting with Ericsson's and Nokia's declining revenues in China, highlighting a significant shift in the telecom sector's dynamics and competitive landscape.
Ericsson and Nokia have cut approximately 20,000 jobs over two years as Huawei has expanded its presence in the 5G market, despite U.S. sanctions. Ericsson reduced its workforce by 12% to 93,000, while Nokia's staff decreased from 84,795 to 75,600, focusing on cost-saving measures. In contrast, Huawei has added 33,000 R&D roles, increasing its total workforce to 208,000, and maintaining product quality amid sanctions.
The U.S. must enhance its digital infrastructure investment through tax incentives and international cooperation to counter China's technological dominance. By reforming spectrum policy and collaborating with allies, Washington can foster innovation and secure its position in critical technologies like 5G and AI. This strategic approach is essential for maintaining national security and global competitiveness.
Finnish startup Ixi has secured $36.5 million in Series A funding to develop autofocus prescription glasses using eye-tracking and liquid crystal lens technology. The investment round, led by Plural and including Amazon's Alexa Fund, aims to simplify vision correction. Ixi plans to showcase a prototype later this year, addressing significant engineering challenges in eyewear autofocus technology.
Nokia Oyj holds a "Moderate Buy" consensus rating with an average price target of $5.85. The company, which provides mobile, fixed, and cloud network solutions, has seen increased institutional investment, notably from JPMorgan Chase & Co., which raised its holdings by 8.2%. Despite a market cap of $27.70 billion and a recent earnings report exceeding estimates, some analysts have downgraded their ratings, reflecting mixed sentiments on the stock's future performance.
U.S. restrictions on semiconductor sales to China are impacting American companies like NVIDIA, which may face losses of up to $5.5 billion from its H20 chip. In response, Huawei is set to launch its Ascend 920 chip, boasting 900 TFLOPs and 4 TB/s memory bandwidth, as a powerful alternative for Chinese firms by late 2025. The ongoing tech tensions highlight the geopolitical stakes in AI and chipmaking.
The global 4G market is projected to grow at a CAGR of 7.5%, reaching $65 billion by 2032, driven by increased demand for higher speeds and IoT expansion. Key players include Qualcomm, Huawei, and Ericsson, with significant opportunities in rural 4G LTE deployment and smart devices. The market analysis covers various segments, including LTE types and applications across major regions.
Moglix has appointed Sanjeev Arora, a seasoned chartered accountant with over 20 years of experience, as its new CFO to oversee financial strategy and preparations for a public listing by 2027. Arora previously led ASK Automotive through its IPO and will help strengthen Moglix's financial governance as it transitions from Singapore to India. The company, which achieved unicorn status in 2021, aims to leverage its growth trajectory and competitive positioning in the B2B e-commerce sector to attract investors.
The Department of Telecommunications has mandated major telecom operators, including Jio, Airtel, and Vi, to disclose their use of Chinese equipment amid rising global trade tensions. Despite being excluded from India's 5G rollout, Chinese firms like Huawei and ZTE remain integral to legacy networks. India's policies aim to reduce reliance on Chinese telecom gear, with a focus on sourcing from 'trusted vendors' and promoting domestic manufacturing through initiatives like the Production-Linked Incentive scheme.
Nokia Oyj
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