Nokia CEO Pekka Lundmark presided over his first Capital Markets Day last week and used it to provide more detail behind the turnaround plan he has been setting out since he took the helm last August. In November he announced a top-level reorganization that ditched a strategy based on end-to-end networks in favor of reverting to a heavily 5G-centric approach. Heavy emphasis was put on investing to reverse mistakes of the past, notably the failed 5G base station chip platform, which is steadily being replaced with a new more efficient and cost-effective system-on-chip. But the new approach also looks to build quickly on areas of success and differentiation for Nokia, such as enterprise cellular and cloud-based networks-as-a-service. Announcing the 2020…