Financial ChallengesNokia would likely face some significant dis-synergies, such as higher SG&A, and would potentially struggle to keep their IPR revenues growing in the medium term.
Revenue ForecastNokia's Mobile Networks revenue is expected to decline significantly due to reduced investments in India and the loss of an AT&T contract.
Sales PerformanceNokia's sales results were weak, with all operating businesses missing sales consensus, particularly Mobile Networks.