Ericsson and Huawei's loss was Nokia's gain in the fourth quarter of 2014, as the Finnish company said strong sales of network infrastructure in North America boosted sales and earnings during the period.
Samsung Electronics lost its crown as the world's sole top smartphone vendor to Apple in the fourth quarter for the first time in three years, according to analysts, following Apple's record iPhone sales and another drop in sales and earnings for Samsung's mobile division.
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ZTE claimed credit for becoming the world's first company to complete pre-commercial field testing of multi-user and multi-stream transmission on a Massive MIMO (multiple input multiple output) base station, setting "new records in single-carrier transmission capacity and spectral efficiency."
Huawei wants to increase sales in its consumer unit this year to $16 billion from around $12 billion in 2014, in part by focusing on higher-end smartphones. The company wants to boost its smartphone unit sales to 100 million this year from 75 million last year.
Ericsson's net income dropped by SEK1 billion (€106 million/$120 million) in 2014 despite the company successfully offsetting a drop in sales in North America with higher infrastructure equipment revenues from Europe, Middle East and Asia.
UAE-based mobile operator du claimed to have completed the first test of LTE Broadband Trunking in the Middle East, and said the trials of the technology will pave the way for "futuristic" connectivity services for enterprises and government departments.
Huawei made use of the World Economic Forum in Davos this week to reiterate the importance of the European market to its growth strategy, as the U.S. continues to freeze out the Chinese equipment manufacturer because of concerns over spying.
Strong growth in LTE and small cells is expected to almost offset declining spending on 2G and 3G technologies in the coming few years, according to latest forecasts by Dell'Oro Group.
Huawei staged a launch event for its new, state-of-the-art network functions virtualization (NFV) open lab in Xi'an, China.