The Stockholm-based company said that net profit for the July-September period was 5.6 billion kronor ($640 million), compared with a loss of 6.9 billion kronor the previous year. Sales were up 1% at 57.5 billion kronor.
Ericsson CEO Borje Ekholm said the company’s contracts for the next-generation 5G networks in mainland China “have developed according to plan, contributing positively to profits in Q3 and are expected to improve further”.
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APPLE MUSIC LAUNCHES MORE THAN 100 CITY-FOCUSED MUSIC CHARTS
Apple Music is coming to a city near you — the streaming service has launched daily music charts focused on particular cities around the world, including New York City, Tokyo and Lagos.
APPLE'S iPHONE PRIVACY CLAMPDOWN ARRIVES AFTER 7-MONTH DELAY
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The iPad Pro has become something of a workhorse in recent years, offering professionals an alternative to a laptop with cutting-edge capabilities and software.
CHINA'S HUAWEI SAYS SALES DOWN 16.5% AMID US SANCTIONS
Embattled Chinese tech giant Huawei said first-quarter revenue fell after it sold its lower-priced Honor smartphone brand, but profitability improved.
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