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Ericsson essentially lost its 2nd largest market because of Sweden's decision to ban Huawei. From [0]: > Swedish telecommunication equipment maker Ericsson pl
by DiogenesKynikos 4y ago
Ericsson essentially lost its 2nd largest market because of Sweden's decision to ban Huawei.
From [0]:
> Swedish telecommunication equipment maker Ericsson plans to restructure its operations in China, its second-largest market, after its sales in the country plunged for a second consecutive quarter in the wake of its home government's move to exclude Huawei Technologies and ZTE from 5G mobile networks.
> Ericsson recorded a 74% drop in revenues from China, to 1.3 billion Swedish krona ($150.3 million), in the July-September quarter compared with a year earlier. This followed a 63% drop, to 1.5 billion krona, in China revenues in the second quarter when the company wrote off 300 million krona worth of Chinese inventories.
0. https://asia.nikkei.com/Business/Telecommunication/Ericsson-to-restructure-China-operations-after-sales-plunge https://asia.nikkei.com/Business/Telecommunication/Ericsson-...
- NKosmatos 4y agoThis might be true, but Ericsson currently has the biggest 5G market share, has more operators onboard and is doing fine even without the Chinese market. For sure it was a big blow, but that’s the way thing go if politics come into play. I don’t know what US people really feel about all these Chinese companies, but I for once don’t trust their software/hardware. This doesn’t mean that equipment from Ericsson or Nokia Siemens don’t have “backdoors”, but at least they’re clearly communicated with other governments. That’s the good thing if your company is neutral and sells to everyone. Chinese want to sell to everyone but they want the “backdoors” only for themselves ;-)