the republic logo

Ericsson second quarter profit drops 20 percent, broadband demand in US stabilizes


COPENHAGEN, Denmark — Swedish wireless equipment maker Ericsson says broadband demand in North America has stabilized but remains low, with second-quarter net profit falling 20 percent to 2.1 billion kronor ($246 million). Sales in the Middle East and part of Asia grew.

Net sales in the April-June period grew 11 percent to 60.7 billion kronor ($7.1 billion), driven by strong development in the network segment.

CEO Hans Vestberg said Friday that the mobile broadband business in North America had stabilized in the second quarter, but at a lower level than a year ago. He says the decline was partly offset by an increased pace of 4G deployments in China.

Vestberg said Ericsson was "well positioned to continue to create value for our customers in a transforming market."

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.