Ericsson comprises three major business segments. The company’s Networks segment develops network infrastructure for communication over mobile and fixed connections, the Global Services segment provide telecoms-related managed services, while the Support Solutions engages in the development of software for operations and business support systems. Ericsson also designs and sells LTE multimode thin modems that include 2G, 3G and 4G interoperability. The company also provides end-to-end services for all major mobile communication standards. As of March 2019, the company had a 8.2 percent share of the market for IT network vendors, behind only Cisco, Huawei and Nokia in terms of market reach.
In 2019, Ericsson’s operating income reached approximately 1.1 billion U.S. dollars. Although this is lower than it was in 2015, it marks a significant improvement over the intervening years, including in 2017 when the company posted a negative income of 3.87 billion U.S. dollars. While its net sales worldwide amounted to 23.53 billion U.S. dollars, North America accounts for the largest regional share of revenue generated by the Ericsson Group.