Ericsson views China as strong:
Saturday December 13, 11:30 am Eastern Time
biz.yahoo.com
Company Press Release
Ericsson in China
--(BUSINESS WIRE)--Dec. 13, 1997--Ericsson's president in China, John Gilbertson, today in an interview in the Swedish paper Dagens Industri, in the light of the turbulence in certain Asian economies, has made the following comments regarding his view of business in China:
Ericsson in China views the Chinese domestic market as strong and relatively protected from repercussions from the turbulence in some of the other Asian economies.
Orders and sales this year have improved and on this basis we now expect a continued improvement with sales reaching 2,400-2,500 MUSD during 1998.
Sales of mobile phones in the Chinese market are expected to total 12-14 million next year with Ericsson hoping to achieve a market share of around 30 percent. Sales of mobile systems (GSM) may increase by 25-30 percent next year whereas fixed network equipment sales will continue to face tough price pressures.
Ericsson's 100,000 employees are active in more than 130 countries. Their combined expertise in fixed and mobile networks, mobile phones and infocom systems makes Ericsson a world-leading supplier in telecommunications.
FOR FURTHER INFORMATION, PLEASE CONTACT
Uldis Zervens, Regional Manager, East Asia, Ericsson Corporate Markets
Tel. +46 70 510 7091
Lars A. Stalberg, Information Director, Ericsson Corporate Relations
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