"But we want to be prudent so that we do not want to be there at any cost. "Lundmark reported better than expected fourth-quarter revenue and underlying profit on Thursday but Nokia forecast 2021 revenue to fall to between 20.6-21.8 billion euros ($25-26 billion) from 21.9 billion euros in 2020. "We believe that we have year-to-date captured about half of the geopolitically influenced opportunities that are there," Lundmark said. "Nokia said a growth in its 5G equipment sales in the quarter was partially offset by decreases in its legacy radio access products. "We maintain our view that Nokia continues to lag Ericsson in technology and is unlikely to catch up before 2022," Liberum analyst Janardan Menon said.

Source: Economic Times February 04, 2021 06:38 UTC