Ericsson’s Networking Not Working for Imports, Yet — Panjiva
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Ericsson’s Networking Not Working for Imports, Yet

China 2166 Earnings 393 Finance 118 Info Tech - Comms Equip 151 Info Tech - Tech Hardware 499 U.S. 3930

Ericsson has restructured its operations to better pursue phone network growth opportunities ahead of its 1Q results. Panjiva data shows U.S. imports of phone network equipment increased 19% in the first quarter of 2017 on a year earlier. Yet, Ericsson’s U.S.-bound shipments fell 12% on a year earlier after a marked slowdown in February. Nokia, its largest competitor, saw a 64% drop, likely reflecting restructuring after its purchase of Alcatel-Lucent. Ericsson also lagged competitor Huawei, which fell 7% but is facing bigger problems in its Chinese export business. There it is being ove...

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