Ericsson presented a report on the work in the fourth quarter
Ericsson presented a report on the work in the fourth quarter of last year. Operating profit
of the company was reduced to $902 million.These figures were less than analysts' expectations. At the same time, the company increased sales to the level of 86 billion Swedish kronor ($8.3 billion), which corresponds to an increase of 21% compared to the results of the previous year. It is noted that the main market for Ericsson is the North American market, the slowdown in sales of equipment for 5G communication networks in the United States had a negative impact on the company's profits. This year, Ericsson expects sales growth in new markets, primarily in India. The company settled a patent dispute with Apple, which brought Ericsson revenue in the amount of 6 billion Swedish kronor ($582 million). The company also expects its patent revenues to rise significantly during this and next year.