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Ericsson announces SEK 1 bln write-down for 5G inventory in China in Q2

Monday 8 June 2020 | 09:32 CET | News
Ericsson said it will write down approximately SEK 1 billion worth of pre-commercial product inventory for the Chinese market in the second quarter. This will be reported under the Networks segment and will affect the gross margin. The vendor still expects the Chinese 5G business to be profitable over time and maintained its financial targets for 2020 and 2022.

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Categories: Mobile & Wireless
Companies: Ericsson
Countries: China / World
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