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Ericsson Lm Telephone Co  (ERIC)
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    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology

Ericsson Lm Telephone Co's

Competitiveness


 

ERIC Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, Ericsson Lm Telephone Co reported Revenue decrease in the 4 quarter 2023 year on year by -3.02 %, despite the revenue increase by the most of its competitors of 5.66 %, recorded in the same quarter.

List of ERIC Competitors





Revenue Growth Comparisons




Net Income Comparison


Ericsson Lm Telephone Co, faster than the decline experienced by the competitors recorded a net loss, as well as most of its competitors.

<<  ERIC Stock Performance Comparisons


Ericsson Lm Telephone Co's Comment on Competitors and Industry Peers


The markets in which Ericsson operates are highly competitive in terms of price, functionality, service quality, customization, timing of development, and the introduction of new products and services. The Company faces intense competition from significant competitors, many of which are very large companies, with substantial technological and financial resources and established relationships with operators. Ericsson?s operator customers, which represent the main part of Ericsson?s business, are also large and highly sophisticated and exercise significant buying power through the common use of competitive bidding process. Ericsson also encounters increased competition from new market entrants and alternative technologies are evolving industry standards. In addition, if Ericsson chooses to enter new market segments, it might underestimate the skills and practices of the competitors within these segments. The Company?s competitors may implement new technologies before Ericsson does, offer more attractively priced or enhanced products, services or solutions, or they may offer other incentives that Ericsson does not provide. Some of the Company?s competitors may also have greater resources in certain business segments or geographic areas than Ericsson does. Increased competition, and the crystallization of any of the risks above, could result in reduced profit margins, loss of market share, increased research and development costs as well as increased sales and marketing expenses, which could have a material adverse effect on Ericsson?s business, operating results (EBIT), financial condition and market share.



  

Overall company Market Share Q4 2023

Overall company, revenue fell by -3.02 % company lost market share within this segment.




<<  More on ERIC Market Share.
 
*Market share is calculated based on total revenue.

  News about Ericsson Lm Telephone Co Contracts

Vonage and Telstra Partner to Accelerate Digital Transformation with Network APIs

June 11, 2024
In a strategic move to drive digital transformation in the telecommunications industry, Vonage, a global leader in cloud communications and a part of Ericsson, has announced a partnership with Telstra, Australia's largest telco. This collaboration aims to leverage the power of network Application Programming Interfaces (APIs) to enhance the digital capabilities of enterprises and developers.The Memorandum of Understanding (MOU) between Vonage and Telstra introduces Telstra's network APIs to the Vonage platform, providing users with new opportunities to tap into network capabilities and drive innovation. By integrating Telstra's APIs, Vonage aims to empower businesses to accelerate their digital transformatio...

T-Mobiles Strategic Leap: Thriving in a Connected World as Ericsson Faces a Stum...

May 29, 2024
T-Mobile Expands Its Connected Workforce CapabilitiesT-Mobile continues to demonstrate its prowess in the ever-evolving telecommunications landscape by strengthening its connected workplace offerings through a strategic partnership with Cradlepoint. This new synergy combines Cradlepoint?s advanced 5G networking solutions with T-Mobile?s 5G Business Internet. The result' A more comprehensive range of offerings that cater to a growing number of business customers seeking robust and reliable internet solutions.The expanded Fixed Wireless Access (FWA) service is designed to provide organizations with enhanced connectivity options, thus enabling remote and hybrid work models that are becoming increasingly preval...

Cradlepoint's 5G-Optimized NetCloud SASE Solution Delivers Agile Networking and Security in Dynamic Environments, While Ericsson Lm Telephone Co Faces Revenue Decline and Net Loss.

April 24, 2024
Zero-Trust Networking and Security in Dynamic Environments: Cradlepoint's 5G-Optimized NetCloud SASE SolutionIn today's rapidly evolving technological landscape, enterprises are increasingly looking for networking and security solutions that can adapt to their dynamic environments. The traditional perimeter-based security approach is no longer effective in protecting against sophisticated cyber threats, and businesses require a more agile and scalable solution. This is where zero-trust networks come into play.Recent developments in the networking industry have led to the emergence of 5G technology, which promises faster speeds, lower latency, and enhanced connectivity. Cradlepoint, a leading provider of wire...

Singtel Joins Forces with Vonage to Uphold Global Enterprise and Telco Innovation through Paragon Platform

April 21, 2024
Singtel and Vonage Partner to Drive Global Innovation and Digital Transformation in the Enterprise and Telco SectorsSingtel, a leading telecommunications company in Singapore, has announced its partnership with Vonage, a global leader in cloud communications and a part of Ericsson, to accelerate innovation and digital transformation for enterprises and telcos worldwide. This collaboration aims to leverage Singtel's cutting-edge orchestration platform, Paragon, to enable seamless integration of Vonage's API platform with advanced telco and edge APIs, offering an extensive ecosystem of rich communications and networking solutions.With the rapid evolution of technology and the growing demand for innovative comm...

Singtel Collaborates with Vonage to Drive Global Innovation and Telco Transformation

April 20, 2024
Singapore-based telecommunications company Singtel has recently announced its partnership with Vonage, a leading global provider of cloud communications solutions. With Singtel's industry-leading orchestration platform, Paragon, and Vonage's API platform integration, this collaboration aims to leverage the power of technological advancements and provide enterprises, telcos, and developers with an extensive ecosystem of rich communications services and solutions. This article delves into the key highlights of this strategic partnership and its potential implications for the global telecommunications industry.The Singtel-Vonage Partnership:Singtel has joined forces with Vonage, an Ericsson (NASDAQ: ERIC) subsi...

Ericsson's Compliance Program Certified: Navigating Challenges Amidst Revenue Decline

March 28, 2024
Independent Monitor Certifies Ericsson's Compliance Program: Assessing the Impact on the CompanyIn recent news, Ericsson (NASDAQ: ERIC) proudly announced the certification of its compliance program by an independent monitor appointed by the U.S. Department of Justice (DOJ). This significant development comes as a result of Ericsson's resolution of historical violations of the Foreign Corrupt Practices Act (FCPA) in 2020.The compliance program certification is a testament to Ericsson's commitment to upholding ethical standards and integrity in its business operations. The rigorous evaluation conducted by the independent monitor validates the company's efforts in implementing effective compliance mechanisms t...

Vonage Accelerates Developer Access to Network APIs With Global First-To-Market Registry Service, Empowering Businesses with Innovative Communication Solutions

February 15, 2024
Vonage Launches Global First-to-Market Service to Simplify Developer Access to Network APIs and Drive Business Solutions Adoption Vonage, a leading provider of cloud communications solutions for businesses, has announced the launch of a groundbreaking service aimed at facilitating developer access to Network APIs. This service, called the Vonage Network Registry, is an industry-first registry designed to accelerate the adoption and accessibility of network APIs, enabling developers to deliver innovative business solutions.In today's digital age, businesses are increasingly relying on cloud communications to accelerate their digital transformation and enhance customer engagement. The Vonage Network Registry a...

Cradlepoint's AI Functionality and Ericsson's Revenue Growth: A Boost for 5G Network Management and Profitability

January 30, 2024
()The race towards harnessing the full potential of 5G networks has gained significant momentum with new advancements in AI-driven cellular intelligence. Cradlepoint, a leader in wireless network solutions, has announced the implementation of cutting-edge AI functionality to further enhance the manageability and performance of 5G networks. This breakthrough innovation promises a more efficient and intelligent approach to 5G deployment for businesses across various industries.With the integration of AI-driven cellular intelligence, Cradlepoint aims to address the complexities associated with managing and optimizing 5G networks. This revolutionary functionality leverages the power of artificial intelligence to...





Who are Ericsson Lm Telephone Co's Competitors?




Franklin Wireless Corp
Share Performance



+38.31%
This Quarter



Franklin Wireless Corp
Profile

Franklin Wireless Corp's business model revolves around designing, developing, and manufacturing wireless communication devices and solutions, catering to a wide range of industries. They aim to provide innovative and reliable products to their customers, while maintaining strong partnerships with various wireless carriers and distributors worldwide.

More about Franklin Wireless Corp 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 48.080 mill. $ 41.684 mill. $ -3.943 mill.


Bk Technologies Corporation
Share Performance



+0.82%
Over The Past 5 Days



Bk Technologies Corporation
Profile

provides two-way radio communications equipment of high quality and reliability

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Market Cap. Revenues TTM Net Income TTM
$ 47.949 mill. $ 55.391 mill. $ -0.959 mill.


Nokia Corp
Share Performance



-8.12%
One Year



Nokia Corp
Profile

create technology that helps the world act together

More about Nokia Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 20,513.333 mill. $ 27,900.320 mill. $ 4,770.080 mill.


Kvh Industries Inc
Share Performance



+0.44%
Over The Past 5 Days



Kvh Industries Inc
Profile

Kvh Industries Inc. operates as a manufacturer of mobile communication systems, satellite TV antennas, and other related products. They primarily serve the maritime, land, and air markets, providing advanced technologies for communication, navigation, and entertainment. Through a combination of hardware manufacturing, software development, and service provision, Kvh Industries aims to meet customers' connectivity needs in various industries.

More about Kvh Industries Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 87.558 mill. $ 127.957 mill. $ -18.573 mill.


Motorola Solutions inc
Share Performance



-1.04%
Over The Past 5 Days



Motorola Solutions inc
Profile

Motorola Solutions Inc operates as a provider of communication and mission-critical solutions for organizations worldwide. Their business model centers around designing, developing, and selling various communication systems, devices, software, and services tailored to meet the needs of public safety, government agencies, and industries. By leveraging their expertise in technology and delivering integrated solutions, they aim to ensure efficient and reliable communication during critical situations.

More about Motorola Solutions inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 64,906.890 mill. $ 10,196.000 mill. $ 1,397.000 mill.


Broadcom Inc
Share Performance



+78.08%
One Year



Broadcom Inc
Profile

Broadcom Inc's business model revolves around designing and manufacturing a wide range of semiconductor devices and solutions. They cater to various industries including wired infrastructure, wireless communications, enterprise storage, industrial, and automotive markets. Their strategy involves developing high-performance and cost-effective products to meet the demands of these industries, while also focusing on innovation and customer relationships to maintain a competitive edge.

More about Broadcom Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 770,496.000 mill. $ 42,619.000 mill. $ 10,273.000 mill.


Comtech Telecommunications Corp
Share Performance



+50.50%
This Quarter



Comtech Telecommunications Corp
Profile

Comtech Telecommunications Corp's business model focuses on providing advanced communication solutions and technologies to various industries worldwide.

More about Comtech Telecommunications Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 87.132 mill. $ 571.266 mill. $ -40.906 mill.


Ondas Holdings Inc
Share Performance



-45.09%
One Year



Ondas Holdings Inc
Profile

is a leading provider of private wireless, drone, and automated data solutions

More about Ondas Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 44.984 mill. $ 11.209 mill. $ -69.180 mill.



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