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    ERIC B   SE0000108656

ERICSSON

(ERIC B)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/18 11:30:00 am
104 SEK   +1.76%
12:57pEricsson Sues Apple Over Patent Infringement -- Update
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12:22pEricsson sues Apple again over 5G patent licensing
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Ericsson Estimates 5G Subscriptions Could Hit 660 Million This Year

11/30/2021 | 03:27am EST

By Dominic Chopping

STOCKHOLM--Ericsson AB said Tuesday that 5G subscriptions could hit close to 660 million by the end of this year after stronger-than-expected demand in China and North America, driven in part by decreasing prices of 5G devices, according to Ericsson's annual mobility report.

There was also a net addition of 98 million 5G subscriptions globally in the third quarter of 2021, compared to 48 million new 4G subscriptions, and by the end of 2021 the report estimates that 5G networks will cover more than two billion people.

According to latest forecasts in the report, 5G is on track to become the dominant mobile access technology by 2027, based on global subscriptions, and is expected to account for around 50% of all mobile subscriptions world-wide--covering 75% of the world's population and carrying 62% of the global smartphone traffic.

Since 2011, the deployment of 4G networks has been pivotal in generating 5.5 billion new smartphone connections world-wide, contributing to the market availability of more than 20,000 different 4G device models, the report said.

The report also indicates a much earlier uptake of 5G technology, with 5G handsets today accounting for 23% of global volumes, compared with 8% of 4G handsets at the corresponding point in its lifecycle.

"New forecasts reaffirm the rapid acceleration of massive Internet of Things deployments in coming years, spanning use cases such as e-health wearables, logistical asset tracking, environmental monitoring and smart meters, and smart manufacturing tracking and monitoring devices," the report said.

"Massive IoT deployments are forecast to account for 51% of all cellular IoT connections by 2027."

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

11-30-21 0327ET

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Financials
Sales 2021 231 B 25 318 M 25 318 M
Net income 2021 18 848 M 2 070 M 2 070 M
Net cash 2021 48 761 M 5 355 M 5 355 M
P/E ratio 2021 18,1x
Yield 2021 2,06%
Capitalization 341 B 37 348 M 37 408 M
EV / Sales 2021 1,27x
EV / Sales 2022 1,19x
Nbr of Employees 102 203
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 102,20 SEK
Average target price 123,85 SEK
Spread / Average Target 21,2%
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Managers and Directors
Erik B÷rje Ekholm President, Chief Executive Officer & Director
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Ronnie Leten Chairman
Erik Ekudden Chief Technology Officer & Senior Vice President
Xavier Dedullen Secretary, Chief Legal Officer & Senior VP
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