ERICSSON EARNINGS BOOSTED BY 5G NETWORK ROLLOUTS
Techlife News|October 24, 2020
Swedish telecom equipment maker Ericsson has reported upbeat third-quarter earnings, helped mainly by the rollout of 5G wireless networks in China and a strong U.S. market.

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”.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM TECHLIFE NEWSView All

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.

1 min read
Techlife News
Techlife News #496

APPLE'S iPHONE PRIVACY CLAMPDOWN ARRIVES AFTER 7-MONTH DELAY

Apple is following through on its pledge to crack down on Facebook and other snoopy apps that secretly shadow people on their iPhones in order to target more advertising at users.

4 mins read
Techlife News
Techlife News #496

APPLE PROFIT SOARS IN LATEST QUARTER ON HIGHER iPHONE SALES

Demand for the iPhone and other Apple products drove profits to more than double in the January-March period as the tech giant continued to capitalize on smartphone addiction.

2 mins read
Techlife News
Techlife News #496

DUTCH GOVERNMENT PAUSES CORONAVIRUS APP OVER DATA LEAK FEARS

The Dutch government has temporarily disabled its coronavirus warning app amid data privacy concerns for people who have the app installed on phones using the Android operating system.

1 min read
Techlife News
Techlife News #496

iPAD PRO 2021: SUPERCHARGED WITH XDR DISPLAY, M1 CHIP, & THUNDERBOLT

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.

6 mins read
Techlife News
Techlife News #496

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.

2 mins read
Techlife News
Techlife News #496

UBER TO RECRUIT 20,000 UK DRIVERS ON POST-LOCKDOWN DEMAND

Uber plans to recruit 20,000 more drivers in the United Kingdom to help fill swelling demand for rides as the country’s coronavirus lockdown restrictions ease.

1 min read
Techlife News
Techlife News #496

DAIMLER TRUCK, VOLVO TO MAKE FUEL CELLS IN EUROPE FROM 2025

Germany’s Daimler Truck AG and Sweden’s Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technologies.

1 min read
Techlife News
Techlife News #496

GM: SOFTWARE, NEW BATTERY PARTS WILL SOLVE BOLT FIRE ISSUES

Engineers at General Motors have figured out how to fix a battery problem with the Chevrolet Bolt electric hatchback that caused five of them to catch fire.

2 mins read
Techlife News
Techlife News #496

FACEBOOK REPORTS SOARING QUARTERLY AD REVENUE, STOCK JUMPS

Facebook’s stock jumped Wednesday into record territory after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue.

2 mins read
Techlife News
Techlife News #496
RELATED STORIES

Linksys MR9600

A versatile and impressive dual–band Wi–Fi 6 router

3 mins read
Mac Life
May 2021

Asus ZenWiFi AC (CT8): Reliable Home Network Protection

These days, Wi-Fi 5 (802.11ac) mesh systems have taken a backseat to those that use the latest Wi-Fi 6 (802.11ax) technology.

6 mins read
PC Magazine
April 2021

SEEDS of CHANGE

Nuts may get all the glory, but seeds have plenty of healthy and culinary benefits too. Here are the ones to sprinkle into your diet more often as proof that great things come in small packages.

7 mins read
Better Nutrition
March 2021

How to Set Up and Optimize Your Wireless Router

Although manufacturers have been making installation utilities easier to use, getting the best out of your new wireless router usually means delving a little deeper than the standard installation routine will go. Just because you’ve plugged everything in and all the blinking lights have turned green doesn’t mean your network’s performance or its security are as strong as they could be. Follow these basic steps to properly configure your router and optimize your wireless network.

10+ mins read
PC Magazine
March 2021

How to Troubleshoot Your Internet Connection

Do you have a full house of social distancers working, gaming, streaming, and news binging, all at the same time? Before you schedule a service call with your cable company, check out our tips for troubleshooting your internet connection.

7 mins read
PC Magazine
March 2021

What Is Wi-FI 6E?

If you’re in the market for a new router or any device that uses Wi-Fi, you should first understand the new Wi-Fi 6E standard and what it means for the future of wireless networks at home and in offices around the US. The Wi-Fi Alliance, a group of Wi-Fi platform vendors that work with the FCC and electronics manufacturers to set standards for Wi-Fi technology, announced the Wi-Fi 6E designation in 2020 for any IEEE 802.11ax (Wi-Fi 6) products that support 6GHz wireless spectrum. Essentially, this means Wi-Fi 6E enables faster speeds and lower latencies than Wi-Fi 6 and earlier iterations.

5 mins read
PC Magazine
March 2021

Must-Know Facts About Nutritional Yeast

This vegan-friendly and B vitamin-packed ingredient adds a cheesy flavor to everything, from popcorn to potatoes.

5 mins read
Better Nutrition
February 2021

What Is C-Band, and What Does It Mean for the Future of 5G?

What's New Now / 5G

6 mins read
PC Magazine
February 2021

Brydge Stone Pro Thunderbolt 3 Hub

A rock–solid way to connect and power high–end devices

2 mins read
Mac Life
January 2021

A Silicon Curtain Descends

Trump escalated America’s war against Huawei and China. Biden should beware burgeoning technonationalism.

10+ mins read
Reason magazine
February 2021