“The key question for investors now is whether they think Nokia's mobile margins are sustainable or not, ... I don't think they are, because this is a commodity-like market in the long term, and Nokia will face much stiffer competition.”
“The likelihood of stumbling is much higher if [like Nokia] you have 80 or 85 percent of earnings coming from handsets rather than 5 percent in the case of Ericsson in the fourth quarter,”
“The key question for investors now is whether they think Nokia's mobile margins are sustainable or not. I don't think they are, because this is a commodity-like market in the long term, and Nokia will face much stiffer competition.”
“The likelihood of stumbling is much higher if [like Nokia] you have 80 or 85 percent of earnings coming from handsets rather than 5 percent in the case of Ericsson in the fourth quarter.”
“It's not difficult to sell lots of cheap handsets. Their general problem is that competition is building and they are no longer alone in this market, which means they have to invest more, so the downside is greater.”
