More gloom for Ericsson – sales down, shares down, media unit sale fudged

It was yet another tough quarter for networking giant Ericsson, with sales down 12% and an unsatisfactory conclusion to the strategic review of its media business.
Sales were down by a rather worrying 12% (7% when adjusted for adjustments), although Ericsson says that was expected. Much of the blame has been placed on reduced sales of LTE gear in mainland China, as well as the Digital Services unit. There was also the big write-down Ericsson warned us about a few weeks ago. Here’s the Q4 2