Ericsson year-over-year sales down for second quarter

Ericsson has announced that in the second quarter of 2010 its sales were down year over year by 8 per cent and increased 6 per cent sequentially.

Sales for comparable units, adjusted for currency exchange rate effects and hedging, declined by 15 per cent year over year.

Gross margin, excluding restructuring, improved slightly sequentially and improved year over year to 39 per cent due to business mix and efficiency gains.