Nokia saw strong sales growth in both its network infrastructure and cloud and network services segments during the past quarter as operators push forward with 5G adoption, and the company’s CEO said it could have grown even faster if not for component shortages.
CEO Pekka Lundmark told investors that while Nokia’s network infrastructure saw 6% year-over-year growth, “What is interesting is that actually we could have grown faster without supply chain constraints. .. We are currently not constrained by market demand or our own production capacity. But what is constraining our growth at the moment is availability of components.”
