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 in China has peaked.”

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