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Ericsson’s sales slide over China 5G row

October 20, 2021
Source: thedailystar.net thedailystar.net
News Snapshot:
Ericsson’s sales slide over China 5G row Ericsson said Tuesday its sales dipped in the third quarter as the Swedish telecoms giant faced reprisals in China after rival Huawei was barred from selling its equipment in Sweden. China, a major market for Ericsson, accounted for just five percent of the company's turnover in the third quarter, half of what it represented in the same three-month period last year. The global supply chain crisis also hit sales late in the third quarter, "and such issues will continue to pose a risk", Ericsson said in an earnings statement. The telecom equipment maker's...
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