FierceWireless – Ericsson misses sales expectations in Q3, but points to continued stabilization of North American business

Others were less sanguine. The Chinese market that has been a significant contributor to systems sales for several quarters dropped 20 percent year-over-year and 1 percent from the second quarter, Bengt Nordstrom, head of telecoms consultancy at Northstream, told Reuters. “That indicates the 4G rollout in China has peaked.”

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Reuters - Ericsson profit misses forecasts, hit by China slowdown

Ericsson shares were down 6.6 percent by 0951 GMT and analysts were unimpressed. “The Chinese market that has been a significant contributor to systems sales for several quarters dropped 20 percent year over year and 1 percent from the second quarter,” said Bengt Nordström, head of telecoms consultancy Northstream. “That indicates the 4G roll out [...]
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