Ericsson profits drop as North America demand slumps

STOCKHOLM, SWEDEN: Swedish telecoms giant Ericsson said Tuesday its net profit plunged by over a third in the fourth quarter, dragged down by falling demand in its key market North America. Profits slumped 35% to 4.17bn crowns (€447m, $503m) in the last three months of 2014 as currency hedge...

28 Jan 2015

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