Ericsson’s Q2 revenue drops 9% on weak N America sales

Citing a sharp decline in sales in North America, Ericsson reported Q2 revenue SEK 64.4 billion (US$6.286 billion), down 9% compared to a year earlier. Segment Networks sales declined by -13%, while segment Enterprise sales grew by 20%. Gross income excluding restructuring charges decreased to SEK 24.7 (26.3) b. as a result of lower sales and margins in Networks. Gross income increased in Enterprise, mainly driven by the consolidation of Vonage....

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Citing lower demand, Nokia lowers net sales outlook

Citing weaker demand due tp both the macro-economic environment and customers’ inventory digestion, Nokia lowered its financial outlook based on preliminary Q2 results, saying its now expects to report net sales of approximately EUR 5.7 billion, flat year-on-year on a constant currency basis with a comparable operating margin of approximately 11%. Nokia’s operating profit in Q2 benefitted from approximately EUR 80 million related to catch-up net...

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Dell'Oro: RAN market is done expanding

The Radio Access Network (RAN) market is done expanding for now and will enter a period of slow contractions, according to Dell'Oro Group. Following the 40 percent to 50 percent ascent between 2017 and 2021, RAN revenues flattened out in 2022 and these trends extended to 1Q 2023.“Even if it is early days in the broader 5G journey, the challenge now is the comparisons are becoming more challenging in the more mature 5G markets and the upside with...

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Ericsson and MediaTek hit 565 Mbps with SU-MIMO + Aggregation

Ericsson and MediaTek achieved 565 Mbps performance by combining two Ericsson software features – uplink single user multiple input multiple output (SU-MIMO) and Uplink Carrier Aggregation – on MediaTek T830 CPE platform with three transmit (3Tx) antennas.  The test focused on optimizations for fixed wireless access applications (FWA).For this demo, a 2.1GHz FDD (frequency division duplex) band was combined with a 3.5GHz TDD (time division duplex)...

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BAE Systems tests PHASA-35 drone in the stratosphere

BAE Systems conducted a successful trial of its High Altitude Pseudo Satellite (HAPS) Uncrewed Aerial System (UAS), called PHASA-35, reaching an altitude of over 20,000 meters (66,000 feet) during a 24-hour flight over White Sands, New Mexico.  Designed by BAE Systems' subsidiary Prismatic Ltd, the PHASA-35 drone operates above weather and air traffic, offering potential applications in intelligence, surveillance, reconnaissance, disaster relief,...

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