Ericsson, a leading provider of mobile infrastructure, has warned that market weakness and uncertainty will continue to impact its networks business into 2024. The company reported a fall in third-quarter revenue due to reduced demand for 5G equipment in North America. Ericsson is struggling to counter the effects of reduced investment in fifth-generation mobile infrastructure from US and European operators. The uncertainty has spooked telecom investors, leading to a decline in Ericsson's shares. The global smartphone market, however, is expected to grow this year, according to mobile industry linchpin Murata.
Ericsson said that the uncertainty affecting its mobile networks business is expected to extend into 2024, following a third-quarter revenue decline due to reduced demand for 5G equipment in North America https://t.co/PFIqCqapRK https://t.co/Yt1dsVKgK3
Ericsson said that the uncertainty affecting its mobile networks business is expected to extend into 2024, following a third-quarter revenue decline due to reduced demand for 5G equipment in North America https://t.co/Fq15DS5z4c https://t.co/RV8Ss6ws6U
Ericsson's shares fell after the company said it expected the uncertainty impacting its mobile networks business to persist into 2024 https://t.co/PFIqCq9S2c https://t.co/bz9ih7n4wg
Ericsson's shares fell after the company said it expected the uncertainty impacting its mobile networks business to persist into 2024 https://t.co/Fq15DS51eE https://t.co/vyAztoTJEz
WATCH: Ericsson said the uncertainty impacting its mobile networks business will continue into 2024 as it reported a fall in third-quarter revenue after demand for 5G equipment fell in North America https://t.co/PFIqCqapRK https://t.co/1BlC1O66sZ
Ericsson said the uncertainty impacting its mobile networks business will continue into 2024 as it reported a fall in third-quarter revenue after demand for 5G equipment fell in North America https://t.co/Fq15DS5z4c https://t.co/VQFVtlvnxM
WATCH: Ericsson said it expected the uncertainty impacting its mobile networks business to persist into 2024 after reporting a fall in third-quarter revenue as demand for 5G equipment fell in North America https://t.co/PFIqCqapRK https://t.co/vFwbmKdJEY
Ericsson said it expected the uncertainty impacting its mobile networks business to persist into 2024 after reporting a fall in third-quarter revenue as demand for 5G equipment fell in North America https://t.co/Fq15DS5z4c https://t.co/VLXkJGpJUf
#Ericsson warns of uncertain 2024 as it sees red https://t.co/7CaqtNLbCz
The global smartphone market has at long last bottomed out and will grow this year, according to mobile industry linchpin Murata https://t.co/QFsbIJWmg6
The global smartphone market has at long last bottomed out and will grow this year, according to mobile industry linchpin Murata https://t.co/Q9Hzu7wNvN
Ericsson’s decision not to offer any guidance beyond the fourth quarter, citing market uncertainty, is spooking telecom investors. https://t.co/57cnD7iJ7r
Ericsson says uncertainty in networks business to persist into 2024 https://t.co/yyTmQW7XPN https://t.co/6OEbuvf7TI
Ericsson says market weakness that has depressed sales will persist into the fourth quarter as the company struggles to counter reduced investment in fifth-generation mobile infrastructure from US and European operators https://t.co/878U9Wz7ia
Ericsson says market weakness that has depressed sales will persist into the fourth quarter as the company struggles to counter reduced investment in fifth-generation mobile infrastructure from US and European operators https://t.co/fHiFfFwzNC
⚠️ ERICSSON SAYS UNCERTAINTY IN NETWORKS BUSINESS TO PERSIST INTO 2024 Full Story → https://t.co/qvQLxmMv6Y https://t.co/R3M0DalbM3