Wednesday, 19 December 2018

Ericsson Q3 sales dip, China demand slows

By Nick Wood, Total Telecom
Friday 23 October 15

Swedish kit maker's operating income increases thanks to cost-cutting programme.

Ericsson on Friday reported lower third quarter sales, driven partly by slowing 4G deployments in China. The Swedish kit maker generated revenue of 59.2 billion kronor (€6.3 billion) in the three months to 30 September, down 9% on a comparable basis, due to lower sales of network equipment. Indeed, Ericsson's Networks division saw like…

Ericsson on Friday reported lower third quarter sales, driven partly by slowing 4G deployments in China. The Swedish kit maker generated revenue of 59.2 billion kronor (€6.3 billion) in the three months to 30 September, down 9% on a comparable basis, due to lower sales of network equipment. Indeed, Ericsson's Networks division saw like…

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