About this weblog

What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, July 24, 2009

Ericsson Succumbs to Sales Slowdown

On a like-for-like basis, Ericsson's sales fell 3% year-on-year in the second quarter to 52.1 billion Swedish krona (6.97 billion US dollars) as the macro-environment took its toll on network equipment sales. Ericsson said that services now represent 38% of its sales.

Ericsson said mobile subscriptions worldwide grew by 149 million in the second quarter to a total of 4.3 billion, adding that the number of new WCDMA subscriptions is accelerating and grew by 40 million in the quarter to a total of 377 million. In the first quarter of 2009, fixed broadband connections grew by 13 million to 408 million, according to Ericsson. source: Ericsson statement

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