Analyst Commentary

Nokia’s 3Q17 revenue was weakened by a structurally declining RAN market



Nokia’s Mobile Broadband segment drove top-line decline as the LTE market deteriorated, but margins benefitted from strong IPR licensing

The challenges posed by a post-peak LTE market had a significant negative impact on Nokia’s (NYSE: NOK) revenue and outlook reported in 3Q17. A 16.9% year-to-year decline in Mobile Networks sales caused by weak LTE sales in China and North America drove down corporate revenue 6.7% year-to-year. Operators in these key regions have completed coverage rollouts and are selectively densi...

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