Ericsson said its sales in the fourth quarter of 2014 fell 2% year-on-year on a like-for-like basis to 68 billion Swedish krona (8.3 billion US dollars). The company said that sales growth in the Middle East, Europe and Asia was offset by decline in North America. In the core networks division, like-for-like sales declined by 7%.
Across 2014, sales also fell 2% on a like-for-like basis, but increased marginally on a reported basis, shored up by strong growth in the Middle East (see graphic). source: Ericsson presentation
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