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 05:50 2017 Tuesday ,15 August
20 killed in Takhar funeral attack
GMT 04:51 2017 Thursday ,13 April
Huda Kattan among top 10 beauty influencers
GMT 18:22 2018 Thursday ,11 October
American Embassy points to US-Russia teamwork in astronauts’ safe escape from Soyuz
GMT 05:52 2018 Sunday ,16 September
US will learn from Florence, like every natural disaster
GMT 09:44 2018 Saturday ,06 January
Aoun to deliver speech in Rome this afternoon
GMT 09:14 2017 Saturday ,30 December
London stocks end year on record high
GMT 05:42 2014 Sunday ,07 September
Jennifer Lopez, Iggy Azalea tease music video for 'Booty'
GMT 11:47 2017 Monday ,11 December
France's rightwing shifts after Macron victoryGMT 04:49 2013 Monday ,27 May
Feng Shui living room concepts
GMT 12:05 2017 Sunday ,10 December
France's Pinturault wins Val d'Isere WCup giant slalom
GMT 19:45 2017 Wednesday ,18 January
The UAE Releases Global State of the Future Report
GMT 23:40 2017 Wednesday ,18 October
OIC condemns terrorist attack in Jeddah
GMT 16:41 2017 Saturday ,18 February
FBMA International Show Jumping Cup 2017 competition
GMT 20:48 2017 Monday ,23 October
India works closely with UAE to address issues faced by migrant workers
GMT 01:17 2016 Friday ,17 June
'Panama Papers' firm demands prosecution of suspect in Switzerland
GMT 21:38 2016 Sunday ,18 December
Sharjah Chamber receives High-Profile Economic Delegation
GMT 17:43 2017 Tuesday ,14 February
Spanish activists taken to court over BDS activism
GMT 22:15 2017 Saturday ,22 April
President of Kyrgyzstan Meets Iran's Foreign Minister
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor