Ericsson said its sales fell 7% year-on-year on an organic basis in the first quarter to 47.5 billion Swedish krona (7.22 billion US dollars). The network equipment maker blamed "lower coverage project activity in North America and Japan."
Still, Ericsson said LTE sales were steady year-on-year and highlighted the several positive market trends:
- Improved network performance, a differentiator
- Increased industry interest in SDN and NFV
- Operators looking to optimize fixed and mobile IP networks for efficient video delivery
source: Ericsson presentation