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Ericsson’s financials

In 2021, Ericsson’s net sales amounted to 25.2 billion U.S. dollars, down from the 27.9 billion U.S. dollars recorded in the previous year. North America accounts for the largest regional share of revenue generated by Ericsson , followed by Europe and Latin America. The majority of Ericsson’s employees are based in Europe and Latin America, with the company employing over 100,000 people worldwide as of the end of 2021, of which over 14,000 were based in Sweden.

Ericsson’s business segments

Ericsson operates across a variety of segments : “Networks”, “Digital Services”, “Managed Services”, and “Emerging Business and Other”. The company’s “Networks” segment looks to develop, deliver, and manage telecommunication networks by providing a range of hardware, software, and services. Ericsson’s “Digital Services” segment is a software-led business that seeks to support customers as they move to a cloud-native environment and transition to 5G.

Ericsson’s competitors

Ericsson is a leading telecom infrastructure company , with the company’s main competitors in this market being Huawei, Cisco, Nokia, and Qualcomm. Huawei and Nokia are also Ericsson’s main competitors in the service provider network infrastructure market , with the company ranking third with around 14 percent control of the market. Ericsson also competes with these firms across several other key technologies including 5G , edge computing , extended reality (XR) , and smart energy .

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