Washington’s war on Huawei eventually seems bound to help the Chinese giant’s leading Western rival, Ericsson. But it hasn’t yet, leaving the Swedish company dependent for 5G-equipment sales on—of all places—China.
Ericsson’s shares jumped 11% Friday morning after it posted second-quarter results, but this had more to do with modest expectations than stellar growth. Sales were flat at constant currencies, though the gross margin on those sales—a closely watched measure of pricing power in a market dominated by Chinese competition—rose...
The Link LonkJuly 17, 2020 at 08:30PM
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As Huawei Retreats in Europe, Ericsson Expands in China - The Wall Street Journal
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