Ericsson profit beats expectations on 5G demand despite China setback

The proportion of revenue Ericsson earns from China has dropped to around 3% of the total from 10-11%, Chief Financial Officer Carl Mellander said in an interview, offsetting gains made as Ericsson filled voids left by Huawei in several countries as it retreated under pressure from the U.S. government.

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The proportion of revenue Ericsson earns from China has dropped to around 3% of the total from 10-11%, Chief Financial Officer Carl Mellander said in an interview, offsetting gains made as Ericsson filled voids left by Huawei in several countries as it retreated under pressure from the U.S. government.