Ericsson Q2 sales hurt by component shortages

Friday 23 July 2010 | 08:44 CET | News

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Ericsson reported second-quarter sales of SEK 48.0 billion, down 8 percent from a year earlier. Sales of network equipment were down 12 percent to SEK 25.5 billion, while services revenues were flat at SEK 20.1 billion. The company said the continued industry component shortages and supply chain bottlenecks took an estimated SEK 3-4 billion off quarterly sales. The market conditions were similar to the second half of 2009, with mixed operator investment behavior, Ericsson said. All regions, except North America, showed lower year-over-year sales in Q2, although sequential sales showed a more

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Categories: Mobile & Wireless
Companies: Nortel / Sony Ericsson
Countries: World
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