Ericsson, the world’s biggest producer of mobile networks and fourth biggest handset supplier, said that from October 1st it would create five global customer units to take care of Vodafone, France Telecom, Deutsche Telekom, Telefonica and TIM .
Read moreHow does Ericsson make money?
Moreover, Networks is Ericsson’s most profitable division , with a gross margin of nearly 41.2% in 2019. The division’s gross margin expanded by 200 basis points in 2019 as Ericsson continued to win commercial 5G contracts while also benefitting from it’s earlier contract wins.
Read moreWhat company makes the chip for 5G?
Qualcomm Qualcomm’s product portfolio includes chips that enable 5G technology in everything from Internet of Things (IoT) devices and industrial equipment to smartphones, cars, and even modems that make up the 5G network.
Read moreIs Ericsson a good 5G stock to buy?
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) is a Sweden-based firm that provides communications infrastructure and related services. It is placed eleventh on our list of 11 best 5G stocks to buy according to hedge funds .
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