Ericsson flags margin headwind over China 5G contracts, takes $108 million charge
Ericsson's second-quarter results will take a hit of about 1 billion crowns ($108.8 million) due to write-downs of product inventory in the Chinese market, the Swedish company said on Monday. [Source]
Publication Date:Origin: reuters.com
Category: technologyNews
Topics: company, Swedish, market, Chinese, inventory, product, write-downs, million), ($108, crowns, billion, results, second-quarter, Ericsson's, charge, million, takes, contracts, China, headwind, margin, flags, Ericsson
