Follow by Email


Swedish wireless equipment maker LM Ericsson AB says its second-quarter profits plunged 61 per cent partly because of restructuring charges and losses in its mobile phone unit, Sony Ericsson.

Ericsson said today net profit in the April-June period was 800 million kronor ($130 million), down from 2 billion kronor in the same three months last year.

Sales grew 7 per cent to 52.1 billion kronor, from 48.5 billion kronor in the second quarter of 2008.

Sony Ericsson, a joint venture with Japan's Sony Corp, last week posted a loss of 213 million euros ($371 million) in the second quarter. Chip maker ST Ericsson, another joint venture, also weighed on the parent company's results with a loss of $US213 million ($262 million).

Stockholm-based Ericsson, which had earlier seen limited effects of the global recession, said the downturn was now becoming more visible in the mobile network market.

"At the same time the consumer demand for new services and broadband capabilities are quickly accelerating and rollout of new technologies is ongoing in the world's leading economies,'' CEO Ericsson CEO Carl-Henric Svanberg said.



Post a Comment

please leave your opinion about his blog ,
this will help us to give some more quality information.

Write 4 namesake-expert

Thank you for your interest in being part of the namesake-expert writing community.
namesake-expert publishes original news content, opinion pieces, trending topics and breaking stories in the area of technology, entertainment, business, politics, lifestyle, videos,sports, lifestyle and women’s issues. Articles must be written in English, published first on namesake-expert and will be reviewed by the “seasoned” namesake-expert Team.
If you are interested revert back to

side l


images in posts are not related to the content .
it pasted to relate the content or to describe the message of post.
if any photo of any person in post hurting any sentiment it can be removed busted. pls complain it to this Email -->