Ericsson's operating profit falls by 94% in Sept quarter
World's biggest mobile network equipment maker Ericsson on Tuesday reported that its operating profit plunged 94% in the September quarter, to 300 million Swedish krona ($33 million) from 5.1 billion Swedish krona ($577 million) last year. The Swedish firm's sales fell 14% year-on-year to 51.1 billion krona ($5.8 billion), the biggest drop in a decade.