Telecoms equipment business Ericsson has released quarterly and annual results, showing a rise in annual sales.
Net sales for the year were up 12% to 226.9 billion kronor (£21.4 billion), with net annual income up 12% to 12.6 billion kronor. However, Q4 income was down 66% year-on-year.
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Ericsson and ZTE have resolved patent licensing issues that had seen both parties taking legal action against each other.
In April 2011, Ericsson filed lawsuits in Germany, UK and Italy against ZTE for infringing on some of its GSM and 3G/UMTS technology patents. ZTE responded with its own patent claim.
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Around 2.5 million femtocells were shipped worldwide this year according to ABI Research, substantially less than the three to four million previously expected.
An increase in femtocell commercial operator contracts - a total of 88 in 2011 - had led to expectations of increased shipments.
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Mark Bridge writes:
In the world of retail, you can’t move for Hallowe’en puns at the moment. You know the kind of thing. Spooky offers. Frighteningly low prices. Missing our deals will haunt you. There’s not the ghost of a chance we’ll shift these PlayBooks unless we cut the price.
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Sony Corporation and Telefonaktiebolaget LM Ericsson have agreed to make the Sony Ericsson mobile phone business a wholly-owned subsidiary of Sony. Sony is paying 1.05 billion Euro for Ericsson’s 50% share.
As well as helping Sony integrate smartphones into its product portfolio, it’ll also give Sony a handful of wireless technology patents.
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