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Where Will Nokia Be in 5 Years?

TheMotleyFool

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Where Will Nokia Be in 5 Years?Photo, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Nokia (NYSE: NOK) was once one of the world's top mobile phone makers, but it sold its handset unit to Microsoft (NASDAQ: MSFT) in 2014. The Finnish company subsequently focused on growing its Nokia Networks business, which sells telecom equipment to carriers.

Nokia bought its rival Alcatel-Lucent in 2016 to expand that business and become the world's second-largest telecom equipment company. It controlled 16% of the market by revenue last year, according to Dell'Oro Group, compared to Huawei's 28% share and Ericsson's (NASDAQ: ERIC) 14% share.

Image source: Getty Images.

Source Fool.com

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