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Ericsson's Q1 revenues slip, profits largely due to Sony-Ericsson divestiture

Apr 25, 2012 (Updated Apr 25, 2012) Cellpex, United States, Ohio - admin

SHENZHEN, China – Ericsson reported first quarter revenues of $7.6 billion, a 4% decline year-over-year from the same period last year. The company also recorded net income of $1.31 billion driven largely on the strength of the proceeds from its divestiture of its Sony Ericsson handset venture. In its release, Ericsson indicated that sales in [...]

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