Home › Ericsson announces SEK 1 bln write-down for 5G inventory in China in Q2
 

Keywords :   


Ericsson announces SEK 1 bln write-down for 5G inventory in China in Q2

2020-06-08 09:32:00| Telecompaper Headlines

(Telecompaper) Ericsson said it will write down approximately SEK 1 billion worth of pre-commercial product inventory for the Chinese markets in the second quarter. This will be reported under the Networks segment and will affect the gross margin. The vendor still maintains its financial targets for 2020 and 2022.

Tags: in china inventory ericsson

Category:Telecommunications

Latest from this category

All news
30.04Driving Innovation into Todays Automotive Market: Powering Stronger Customer Experiences
23.04Google Cloud Next 24 Highlights
22.04HIMSS 24 Healthcare IT Conference Hot Topics from AI to Partner Alliances
Telecommunications »
06.05Strong first quarter for U.S. pork exports, bright spots for U.S. beef
06.05Cosmo International Fragrances Debuts US Fragrance Accelerator
06.05Olive & June Introduce New Mani Minimalist/Maximalist Press-On Nail Collections
06.05Sol de Janeiro Launches Four New Products Ahead of Summer 2024
06.05Schwarzkopf Professional Fibre Clinix Introduces Bonding Oils
06.05ROSS VersaMix is Designed for High-Viscosity Applications
06.05Ukraine, brandy and EVs top the agenda on Xi's charm offensive
06.05Farm Progress America, May 6, 2024
More »