Ericsson's Network Sales Stumble

Ericsson reported a 9% year-on-year fall in revenues to 59.2 billion Swedish krona (7 billion US dollars) in the third quarter on an organic basis, as declines in North America, Japan, Russia and Brazil offset growth in India and South East Asia. Network sales were down 15% year-on-year on an organic basis, while services fell 2%. source: Ericsson presentation