Wednesday, April 27, 2011
Ericsson's Sales Soar
Ericsson said that its sales for comparable units, adjusted for currency and hedging, increased 25% year-over-year in the first quarter to 53 billion Swedish krona (8.78 billion US dollars). Hans Vestberg, CEO of Ericsson, said that the sales growth was "driven by continued strong demand for mobile broadband and especially for the multi-standard radio base station RBS 6000.”
The Stockhom-based company added: "Global mobile penetration is 79% and total mobile subscriptions have reached 5.5 billion. India and China accounted for about 48% of the estimated 190 million net additions during the first quarter, adding around 65 and 30 million respectively. Indonesia and Vietnam were third and fourth countries in terms of net additions."
Ericsson also reported: "Global fixed broadband subscriptions grew by 14 million new subscriptions to reach 523 million during the fourth quarter 2010, mainly boosted by strong growth in DSL in China. DSL represents more than 60% of all fixed broadband subscriptions."
Annual WCDMA/HSPA radio access network investments passed GSM investments in 2009, eight years after the 3G introduction in Western Europe, according to Ericsson. WCDMA "will remain the dominant access technology for many years to come, in terms of global investment, despite the fact that 4G/LTE is being rolled out and launched" the company added. source: Ericsson statement
Labels: More mobile equipment
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