Den fulde analyse af Nokia kan læses her.
Bull og Bear scenarier for Nokia:
Bulls say
- Microsoft's acquisition of Nokia’s money-losing handset business boosted the firm's balance sheet and has enabled Nokia to resume cash distributions to shareholders.
- NSN has shown decent operating margin improvement in recent quarters, which bodes well for the company to succeed as a sustainable business.
- Nokia holds more than 30,000 patents and has built a small but growing and highly profitable wireless IP licensing business.
Bears say
- Nokia Solutions & Networks competes with several other large communications equipment makers, like Huawei and Ericsson.
- Nokia's HERE location services business has just started to become profitable, but larger players like Google appear to have stronger offerings and greater incentive to improve their mapping services.
- The biggest key to Nokia's future profitability may depend on growth from its IP licensing business, a relatively new venture for the firm.
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