However, Nokia also warned that "recovery actions to address increased price pressure, including the ability to offset price erosion through cost reductions." North America remains Nokia's biggest market for network sales, accounting for 31% of the company's business in the second quarter. Nokia's results largely dovetail those of Ericsson. "We have good market traction in Networks, with a sales growth of 2%, particularly in North America where all major operators are preparing for 5G," Börje Ekholm, Ericsson's president and CEO, said in a statement released in conjunction with Ericsson's second-quarter earnings earlier this month. Of course, it's no surprise that North America remains a bright spot for both Nokia and Ericsson because the companies don't have to compete with China's Huawei in the United States.