Marco Wiren: What comes to OPPO and Vivo litigation and negotiations, those are continuing and we remain confident that we will have a positive outcome on those as well. And of course, we are working on to resolve these disputes as soon as possible. And as you’ve seen also, there’s been several court cases like Germany, U.K., India, Brazil and Netherlands which have ruled in our favor in the past year. So the trend is quite clear here. And what comes to our current outlook assumptions, we see in the — for the technology part that we expect largely stable operating profit in 2023. And this is assuming that we will close this piece also. And — but that said, we will continue to prioritize protecting a value of our intellectual property of achieving a certain time line.
But remember also that we will have cash-up payments in this — when these are solved. At the same time, we are very confident that we see opportunities in the new growth areas in the Technologies, live video streaming and audio and IoT and automotive and so on.
Pekka Lundmark: When it comes to pricing, I mean in our market, there are always some case-by-case basis. Cases where there are irrational pricing actions by some competitors. But in the big picture, no, we have not seen such. And what I would like to point out is that we actually have an interest to increase pricing discipline in our industry in order to not only protect our gross margins but also to push them up and at least make sure that all the inflationary rapid costs are due to prices then gradually structurally improve them also going forward.
David Mulholland: We’ll take our next question from Artem Beletski from SEB.
Artem Beletski: I would like to ask about North America and this 40% decline in Q2 year-over-year. Could you maybe provide some color whether there has been any significant differences between main segments, so basically Mobile Networks or NI? And just looking at the past quarter, has there been any significant shift what comes to the pace of decline in the region?
Pekka Lundmark: Thank you, Artem. The weakness was clearly visible in both businesses but the decline was slightly greater in Mobile Networks. And in Network Infrastructure, slightly less. So when we talk about the — and this is Q2. And then when we talk about the outlook, we see — as I said, we see some recovery in the second half of the year but it will be slower than previously expected. And while I already discussed the reasons that customer spending plans are increasingly impacted by high inflation, rising interest rates. And what we are clearly seeing and you can see this in operators’ public statements also, is that they have strong actions going on to optimize their free cash flow for this year, often connected to their financial covenants and so on.
And one lever that they are pulling is their short-term CapEx which is not connected to the mid- to long-term investment needs as we see them. So after a few years of heavy investment in North America, it is natural in these conditions to expect one and see some normalization. But we do continue to believe that it is a question of timing. And once again, slightly more on the Mobile Network side, slightly less on the NI side.
David Mulholland: Did you have a follow-up Artem?
Artem Beletski: Yes. And I would continue on the regional discussion. So when it comes to this astonishing growth in India, what you also recorded in Q2, have you any insight when do you expect the Indian market to peak in terms of basically investment activity?
