Simon Dawson | Bloomberg via Getty Images
Visitors pass through the entrance to the Ericsson AB pavilion at the Mobile World Congress in Barcelona, Spain, on Tuesday, Feb. 26, 2013.
Mobile telecom equipment maker Ericsson reported stronger-than-expected third quarter sales figures Thursday, boosted primarily by high activity levels in North America.
Ericsson‘s shares have soared more than 30 per cent year-to-date, underpinned by progress toward meeting its 2020 financial targets and hopes for a 5G-led industry growth cycle.
The Swedish mobile telecom gear maker appears to be benefitting from rising competition among the four top U.S. carriers, which are all desperately trying to be the first to deliver 5G in dozens of American cities.
5G has become somewhat of a litmus test for technology leadership in America’s intensifying stand-off with China over trade and national security.
Ericsson — which was once one of the world’s biggest suppliers of mobile communications gear — is facing a number of headwinds at present, including falling spending among telecom operators and stiff competition from the likes of Huawei and Nokia.
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