Can Nokia’s Stock Escape Paying China’s price?
China Mobile and Huawei pose a couple of competing concerns for NOK stock investors.
Nokia (NYSE: NOK) from Finland found itself in the midst of a rising conflict amid China and the USA. And that might mean problems for its stock. Nokia’s stock has been in a prolonged fall for much of the last half of a decade. Much of this happened because of the firm taking the important steps to reinvent itself.
?In 2008, I read The China Price: The True Cost of Chinese Competitive Advantage. It was very detailed, explaining the competitive advantage of Chinese factory economy.
?A winning aspect for Nokia bulls was the fact it secured 90% of its fifth-gen tech contracts, counting the Chinese ones.
? Especially because the enterprise that is not being handed to Nokia is getting forwarded to rivals like Huawei and Ericsson (NASDAQ: ERIC).
?Thomas Yeung talked about how the British PM declared a ban on all novel Huawei 5G equipment not that long ago.
?The ban comes into effect on December 31, 2020. In addition, Digital Secretary Oliver Dowden placed an order to all network providers in the United Kingdom to get rid of all Huawei equipment by 2027.
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