Ericsson, the maker of network equipment, significantly boosted sales in Q2. The Swedish company performed well in North America and Northeast Asia in particular. Ericsson also recorded a profit, where a loss was suffered in the same period last year.

Sales grew 10 percent to 54.8 billion Swedish krona, around 5.2 billion euros. The profit of the competitor of the Chinese Huawei came to 1.8 billion krona. The loss amounted to the same amount last year.

CEO Börje Ekholm indicates that the sales of equipment for 5G networks are increasing strongly. Those faster networks must be built everywhere in the coming years. A great deal is also being invested in equipment for 4G networks, the current standard.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Longer intervals between vaccinations produce more antibodies?

Over 80 people who had an interval of 12 weeks between their first and second doses of the…