• <a fr-original-style="" href="https://www.reuters.com/business/media-telecom/wrapup-nokia-ericsson-slump-patent-fights-hit-margins-2022-10-20/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">Nokia and Ericsson</a> announced weaker-than-expected Q3 results on Thursday, sending their shares plummeting as ongoing patent lawsuits and delayed royalty payments cut their profit margins. Revenue of both telecom giants beat expectations thanks to strong demand for 5G equipment.<img src="https://images.aposto.com/2022/9/4/1666279218766.png" style="display: block; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px; border-style: none; position: relative; cursor: pointer; padding: 0px 1px; box-sizing: border-box;" ratio="2.01" width="550" alt="Nokia and Ericsson" fr-original-style="display: block; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px;" fr-original-class="fr-draggable">via CNN<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Nokia: Finland’s telecom equipment maker <a fr-original-style="" href="https://www.reuters.com/business/media-telecom/nokia-quarterly-operating-profit-lags-expectation-2022-10-20/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">shed 5%</a> of its value as third-quarter comparable operating profit rose to €658 million but failed to match a market forecast of €690 million.</li><li fr-original-style="" style="box-sizing: border-box;">Ericsson: The Swedish company’s stock <a fr-original-style="" href="https://www.reuters.com/business/media-telecom/ericssons-quarterly-earnings-miss-estimates-2022-10-20/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">slumped 12%</a> as its quarterly adjusted operating earnings fell to 7.1 billion Swedish crowns (€646mn) from 8.8 billion crowns a year earlier, while its gross margin fell to 41.4% from 44.0%.</li></ul>

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