More on Ericsson's (ERIC) Q3: Networking sales +25% Y/Y, accounted for 59% of revenue. Services...

|By:, SA News Editor

More on Ericsson's (ERIC) Q3: Networking sales +25% Y/Y, accounted for 59% of revenue. Services sales +7%, accounted for 37% of revenue. Sales for ST-Ericsson chip JV (STM) -27%, loss increased to $211M. Ericsson believes 75% of mobile users still rely on 2G GSM networks; 5.8B mobile subscriptions estimated worldwide. ERIC +8% premarket. (PR)