English
Русский
Home
Products
Feedback
About Us
Contact Us
Recycling
Inquiry
English
en
Русский
Inquiry (0)
Home
Products
Feedback
About Us
Contact Us
Recycling
Inquiry
Industry News
Home > Industry News

Ericsson: Market weakness will continue into Q4 as it grapples with reduced 5G investment in Europe and the US

Views : 13
Update time : 2023-10-21 11:56:58
        Ericsson has said that market weakness will continue into the fourth quarter, as the company struggles to cope with reduced investment in 5G mobile infrastructure by operators in Europe and the US. In its Q3 results statement on Oct. 17, Ericsson noted, "We expect the underlying uncertainty affecting our mobile networks business to continue into 2024."
 
 
        Ericsson reported its earnings for the quarter early last week, citing a SEK32 billion ($290 million) impairment on its enterprise-focused Vonage unit, which it acquired last year. The company had forecast an earnings before interest, taxes and amortization (EBITA) margin of about 10 percent for the quarter and indefinitely postponed its target of 15 to 18 percent. 
        Ericsson had previously expected the mobile network market to recover by the end of the year and said it would focus on improving next year's EBITA to the lower end of its target. But Ericsson now says it aims to reach that level as soon as possible.
 
Previous :
Next :
Related News
Read More >>
How many chips does a car need? How many chips does a car need?
Sep .19.2024
Automotive chips can be divided into four types according to their functions: control (MCU and AI chips), power, sensors, and others (such as memory). The market is monopolized by international giants. The automotive chips people often talk about refer to
Position and Function of Main Automotive Sensors Position and Function of Main Automotive Sensors
Sep .18.2024
The function of the air flow sensor is to convert the amount of air inhaled into the engine into an electrical signal and provide it to the electronic control unit (ECU). It is the main basis for determining the basic fuel injection volume. Vane type: The
Chip: The increasingly intelligent electronic brain Chip: The increasingly intelligent electronic brain
Sep .14.2024
In this era of rapid technological development, we often marvel at how mobile phones can run various application software smoothly, how online classes can be free of lag and achieve zero latency, and how the functions of electronic devices are becoming mo
LDA100 Optocoupler: Outstanding Performance, Wide Applications LDA100 Optocoupler: Outstanding Performance, Wide Applications
Sep .13.2024
In terms of characteristics, LDA100 is outstanding. It offers AC and DC input versions for optional selection, enabling it to work stably in different power supply environments. The small 6-pin DIP package not only saves space but also facilitates install
Email