Huawei's main competitors, Nokia and Ericsson, and all three are making headway in 5G. Fierce competition is being carried out in the development of 5G technology standards, R&D investment, market layout and the number of customer signings.
In 2017, Nokia returned to the top of the communications industry. Data show that among the global communications equipment and solution providers, Nokia's revenue of $24.9 billion, surpassing the former champion Ericsson, ranked second. The first place, on the other hand, was Huawei, which we are all very familiar with, with revenues of $75.1 billion.
For its part, Ericsson's big advantage remains in the radio access network (RAN) space, where it has replaced Nokia as Deutsche Telekom's RAN supplier. Increased R&D spending has already made this technology very profitable for the company, allowing Ericsson to be more price competitive in equipment tenders. However, Ericsson, which hails from Sweden, had been in a financial swamp for a long time compared to Huawei, and could turn things around if it launches into 5G.
According to Ericsson announced the third quarter of fiscal year 2018 results show that the third quarter revenue of 53.8 billion Swedish kronor, compared with 47.7.96 billion Swedish kronor in the same period last year. Third quarter net profit of 2.7 billion Swedish kronor, the same period last year for 4.348 billion Swedish kronor, Q3 financial results have reversed, but Ericsson such as to achieve sustained profitability and growth, there is still a long way to go.
As the former king of the cell phone era, now as the world's second largest communications equipment manufacturers, Nokia in August this year, U.S. operators T-Mobile5G network construction orders, the total price of the order up to 3.5 billion U.S. dollars, which is by far the world's largest 5G deal contract.
Similar to what happened to Ericsson, Nokia's performance in the equipment vendor space after launching in the cellphone space has been relatively bleak due to slowing demand for 4G networks and competition from other carriers.
Extended information
Data shows that Nokia has announced that it has participated in 50 5G trials, while Ericsson has signed 38 telecom operator 5G cooperation agreements, and Huawei's announcement also shows that it has been awarded 25 5G commercial contracts, which should be equal in terms of quantity. It's still too early to say that it's king in the 5G space, where companies like Ericsson, Huawei and Nokia are also dominating the wireless infrastructure market.
For Huawei, no event will affect the layout of its 5G commercial market in China, and 5G will also bring new changes to the industry chain at home and abroad. Not only the 3C field, for VR, wearable devices, smart city, smart agriculture, industrial Internet of Things, the Internet of cars, driverless, smart home, smart medical, emergency security and other industries will be benefited, Huawei's landing point more, derived from the possibilities are also more.
Reference: