Ericsson has reported its Q4 results along with its full-year results for 2024, and while the Swedish vendor saw an uptick in North America, its sales have cratered across emerging markets.
Global shipments of cellular IoT modules grew 16% year-on-year in Q1 2025, largely fuelled by strong demand in India, China, and Latin America, according to Counterpoint Research.
Ericsson says it has marked a major step forward in its India-based operations with the release of its first antenna model manufactured in India for global export.