Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Ericsson AB    ERIC B   SE0000108656

ERICSSON AB

(ERIC B)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Telefonaktiebolaget LM Ericsson : Korean President and Swedish Monarch celebrate eSports match at Ericsson Studio

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/17/2019 | 03:49am EDT

During an official state visit in Stockholm, President Moon Jae-in of the Republic of Korea, and King Carl XVI Gustaf of Sweden visited the Ericsson Studio to celebrate advancements in technology with a friendly match between Sweden and South Korea's national eSport teams.

The state visit celebrates that it is 60 years since Sweden and South Korea entered into diplomatic relations. Today, the countries are successful in IT, eSports and the future of technology-specifically 5G.

Before the eSports games began, a number of live 5G demonstrations where shown:

A sky ship that was flying over Korea, remote controlled in Sweden over 5G.

A 5G video call with a Swedish-speaking volunteer based in Korea who worked on the Winter Olympics.

A LG 5G terminal application demo that showed just some of the consumer possibilities for a 5G phone experience.

After the demonstration, a game of Summoner's War was played between Swedish and Korean players, watched by the Swedish King and the Korean President.

Korea is a true 5G trailblazer. In April 2019, all three of the Republic's tier-1 operators launched commercial 5G services, an initiative that had strong backing from the South Korean government. This is the same government that announced its goal to cover 93 percent of the population with 5G by the end of 2019. The number of 5G subscribers in Korea has already exceeded one million.

South Korea's strong moves in 5G are proof of the enormous potential this technology can have on its economy. According to Ericsson's analysis, industry digitalization investments have the potential to generate an estimated USD 619 billion in revenue for telecom operators by 2026.

These economic benefits will be shared across multiple industries, but for electronic sports (eSports) the high throughput, low latency capabilities of 5G are poised to take an already growing marketing to entirely new levels. According to the World Economic Forum, eSports have a global audience of more than 300 million, revenues of over USD 1 billion.

.

(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ERICSSON AB
01:21aTELEFONAKTIEBOLAGET LM ERICSSON : Ericsson makes right connection on profit targ..
AQ
07/17EUROPE : Downbeat Swedish earnings, oil slide hurt European shares
RE
07/17NEWS HIGHLIGHTS : Top Company News of the Day
DJ
07/17NEWS HIGHLIGHTS : Top Company News of the Day
DJ
07/17Global Stocks Wobble as Earnings Season Gets Under Way
DJ
07/17ERICSSON : 5G Momentum Builds But Margins Seen Squeezed -- Earnings Review
DJ
07/17NEWS HIGHLIGHTS : Top Company News of the Day
DJ
07/17Ericsson warns on negative margin impact, shares fall 7%
RE
07/17ELON MUSK : Top Company News of the Day
DJ
07/17ASML beats forecasts as 5G sales offset weak memory demand
RE
More news
Financials (SEK)
Sales 2019 223 B
EBIT 2019 20 370 M
Net income 2019 10 250 M
Finance 2019 28 576 M
Yield 2019 1,61%
P/E ratio 2019 25,7x
P/E ratio 2020 17,3x
EV / Sales2019 1,06x
EV / Sales2020 1,04x
Capitalization 264 B
Chart ERICSSON AB
Duration : Period :
Ericsson AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ERICSSON AB
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 95,60  SEK
Last Close Price 79,68  SEK
Spread / Highest target 56,2%
Spread / Average Target 20,0%
Spread / Lowest Target -13,4%
EPS Revisions
Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Senior Vice President & Chief Technology Officer
Torbjörn Nyman Director
Sector and Competitors
1st jan.Capitalization (M$)
ERICSSON AB2.26%28 227
CISCO SYSTEMS32.98%245 286
FOXCONN INDUSTRIAL INTERNET CO LTD10.53%36 945
NOKIA OYJ-9.93%28 211
MOTOROLA SOLUTIONS47.91%28 191
ARISTA NETWORKS31.67%20 834