Ericsson Revenue's Fall 14% Amid Weak Broadband Demand
Ericsson
Stockholm - QNA
Swedish mobile networks company Ericsson said Wednesday that it forecasts significantly lower earnings for a considerable time into the future.
The company's revenue fell 14% in the third quarter of 2016, compared to the same period of last year. The decline was mainly due to lower demand on broadband networks, AP reported. CEO Jan Frykhammar said that weaker demand is likely to persist in the short-term.
On the company's plans, Frykhammar said they would continue reducing their cost of sales. Last week, Ericsson announced 3,000 job cuts in Sweden, equivalent to 20% of its local workforce. It plans to downsize operations by $1 billion in 2017.
GMT 08:47 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 14:50 2017 Saturday ,01 April
Ooredoo Signs Network Transformation Agreement with EricssonGMT 11:57 2016 Wednesday ,12 October
Ericsson shares plunge over third-quarter warning
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 22:58 2017 Sunday ,19 February
France’s Fillon vows to run despite ‘fake jobs’ row
GMT 14:46 2017 Tuesday ,14 March
Dutch PM says Erdogan massacre claim 'historical falsehood'
GMT 12:40 2016 Saturday ,05 November
China’s airlines ramp up business class services
GMT 07:21 2017 Wednesday ,15 February
Egypt announces success of Sarraj-Haftar meeting
GMT 23:27 2018 Tuesday ,16 January
Bahrain-Palestine trade ties discussed
GMT 07:07 2017 Tuesday ,12 September
Bahrain weather forecast
GMT 01:46 2017 Thursday ,26 October
UAE’s urgent assistance limited causalities of terror blast in Mogadishu
GMT 11:50 2017 Thursday ,23 February
Cult Japanese film director Seijun Suzuki dead at 93
GMT 04:31 2017 Friday ,17 November
Mugabe resisting army pressure to quit
GMT 21:55 2017 Monday ,23 October
Dubai Diamond Conference begins with record number of global experts
GMT 21:39 2017 Monday ,16 October
Egypt urges Iraqi gov't, Kurdish forces to exercise self-restraint, reach consensus
GMT 11:38 2017 Friday ,14 April
Sudanese president begins Kuwait official visit
GMT 02:07 2017 Wednesday ,25 January
Flooding prompts evacuations in Buenos Aires province
GMT 23:35 2017 Thursday ,05 October
Samsung sees further $3 bn profit hit from Note 7 crisis
GMT 00:17 2017 Friday ,24 November
'Star Wars' a perfect escape in a 'dark' era
GMT 02:53 2017 Wednesday ,08 March
North Korean threat has 'entered new stage'
GMT 09:57 2017 Thursday ,27 April
United Airlines to offer passengers up to $10,000 to surrender seats after dragging incident
GMT 01:29 2017 Thursday ,12 October
Former Chad president Habre found guilty of crimes against humanity
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor