Ericsson Sales Fall Short as Huawei Competition Intensifies

Ericsson Sales Fall Short as Huawei Competition Intensifies

Angel Navarrete/Bloomberg

The reverse side of a Huawei Technologies Co. Ascend P2 smartphone is displayed for a photograph at the Mobile World Congress in Barcelona. Huawei, China’s largest maker of phone equipment, said in February it is targeting a 9 percent increase in revenue this year for its division that designs and builds wireless networks.