On July 12, 2024, Ericsson LM reported a 7% year-over-year decline in Q2 sales to SEK 59.8 billion, primarily due to lower investments in the market, with a net loss of SEK 11.0 billion attributed to an impairment charge of SEK 11.4 billion. Despite this, strong gross margin improvements and a 14% growth in North America showcase some resilience.