Ericsson forecast the radio access network (RAN) equipment market will decline by 2% for full-year 2018, but will achieve a 2% compound annual growth rate for the period between 2017 and 2022. "In 2018, the Chinese market is expected to decline due to reduced LTE investments, while there is positive momentum in North America," Ericsson added.
Ericsson reported a 1% year-on-year fall in sales for the second quarter on an organic basis to 49.8 billion Swedish krona (5.6 billion US dollars). "We have good market traction in networks, with a sales growth of 2%, particularly in North America where all major operators are preparing for 5G," Ericsson said. Source: Ericsson statement