Ericsson's Earnings Beat: 5G and Cost Cuts

Ericsson defies expectations! The Swedish telecom giant's latest earnings soared past analyst predictions thanks to savvy cost-cutting and a stronghold in North America's 5G build-out, fueled by a massive AT&T deal. Despite a sales dip and slowing growth in the Americas, Ericsson's future looks bright as it battles rivals like Nokia and Huawei for 5G supremacy. Can they maintain their lead amid fierce global competition?The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.