Daily Archives: July 1, 2013

Industries are in flux. Google’s driverless cars are waiting at the intersection of internal combustion and search engines. Payment companies such as M-Pesa, Stripe and PayPal are testing the locks on banks’ safe deposit boxes. Samsung, Apple and Google’s Android have put BlackBerry and Nokia on hold. If you are the chief executive of a carmaker, financial institution or mobile phone maker and you are not yet worrying about the blurred edges of what was once a clearly demarcated border between sectors, you are lost.

John Gapper

By buying Siemens out of their telecommunications network joint venture, Nokia has strengthened the part of its business that is doing relatively well. But it does little to stop the rise of China within the industry.

The telecoms network industry is under extreme margin pressure and Huawei and ZTE, the two Chinese competitors, continue to expand their share. Meanwhile, both Nokia and Alcatel-Lucent have struggled.