Then look through the data and check if you recognize any that is important to you. That way you haven't lost anything as you will have a copy. It had said it was engaging with both agencies and the outcome could not be assessed yet.Hopefully you haven't tried to install anything on the SD Card yet.ĭon't, because it may overwrite any data that is on there and you may lose the chance of retrieving it.Įither connect the phone to a PC via a USB connection and view the SD Card using Windows Explorer (don't know Apple Mac but they must have something similar) or insert the SD Card into a card reader connected to a PC to view the card and make a copy of any data on the card. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) over its past conduct in Iraq. The company is being investigated by the U.S. ![]() They plan to exit Russia by the end of the year.Īpart from the broad challenges, Ericsson has also been facing investigations over bribery in Iraq and investor ire over improper disclosure. and growth of low-margin markets like India would increase margin pressures in 2023.īoth companies have been trying to cut costs by spending on research amid chip shortages and supply chain disruptions due to the Russia-Ukraine war and chip shortages. India's Bharti Airtel (BRTI.NS) and Reliance Jio (RELI.NS) launched 5G services in the world's second most populous country earlier this month and has picked Nokia and Ericsson as equipment suppliers.Īnalysts at Jefferies said the decline of high-margin markets like the U.S. ![]() The companies are expecting other countries, such as India to be a major driver for growth in 2023. "But it's too early to give detailed estimates because the operators have not yet announced their capex plans for next year," he said. "The North American market has grown very fast this year and it's prudent to expect some kind of normalization of the market," Nokia Chief Executive Pekka Lundmark said in an interview. While the companies continue to benefit from higher spending on 5G equipment, they both warned of cooling down of their main market, North America. However, when an agreement is reached, all the pending royalties are paid in a lump sum. we are going to make sure we get a good mutually beneficial deal," Ericsson CFO Carl Mellander said in an interview. "We are very confident about our portfolio of patents and we are in no rush to strike a deal. Nokia's gross margin fell to 40.1% from 40.7%, a tad better than Ericsson's fall to 41.4% from 44%. Nokia's patent revenue was down by 62 million euros ($60.67 million), mainly due to a dispute with Oppo and Vivo. Companies such as Ericsson charge $2.50 to $5 for every 5G handset they sell and come under pressure when negotiating new contracts.Įricsson's quarterly royalty revenue fell 1.1 billion Swedish crowns ($98.24 million) as it battled companies such as Apple (AAPL.O) over patents. Shares in Ericsson slumped 12% and were the worst performers in the STOXX 600 (.STOXX) while Nokia shares fell almost 5% to be among the worst.Īs the early stages of a rollout of large projects like 5G tend to have lower margins, telecom companies depend on their high-margin patent royalty business to boost profits. ![]() ![]() While the revenue of both companies beat expectations thanks to the rollout of 5G, delayed royalty payments meant their core profit missed analysts' expectations. STOCKHOLM/COPENHAGEN, Oct 20 (Reuters) - Telecom equipment makers Nokia (NOKIA.HE) and Ericsson (ERICb.ST) were among the worst performers in Europe on Thursday, bruised by ongoing patent battles which cut profit margins and offset strong demand for 5G equipment.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |