Ericsson: Yearly core market growth 6 to 8 percent from '10-'13
The total network equipment market is expected to show 3-5 percent compound annual growth over the same period, the company said in a statement ahead of an investor briefing by management in New York.
The company has a target of 4-10 percent compound annual growth in net sales and 5-15 percent growth in operating income in the 2010-2013 period, it repeated.
Ericsson shares slipped after the announcement, standing 1.8 percent lower at 94.15 crowns at 1308 GMT.
The tech gear market began to pick up in the second half of last year as operators boosted spending to meet soaring data traffic from smartphones, tablet computers and mobile Internet users.
In the first quarter, Ericsson trounced market expectations across the board due to strong growth in mobile broadband, and analysts have been upgrading forecasts since.
Ericsson said that in order to deliver on its growth targets it aimed to gain market share by building its presence in large markets and that it would fill gaps in its portfolio through acquisitions and speed up entry in new growth areas like machine-to-machine communication.
The company has a target of 4-10 percent compound annual growth in net sales and 5-15 percent growth in operating income in the 2010-2013 period, it repeated.
Ericsson shares slipped after the announcement, standing 1.8 percent lower at 94.15 crowns at 1308 GMT.
The tech gear market began to pick up in the second half of last year as operators boosted spending to meet soaring data traffic from smartphones, tablet computers and mobile Internet users.
In the first quarter, Ericsson trounced market expectations across the board due to strong growth in mobile broadband, and analysts have been upgrading forecasts since.
Ericsson said that in order to deliver on its growth targets it aimed to gain market share by building its presence in large markets and that it would fill gaps in its portfolio through acquisitions and speed up entry in new growth areas like machine-to-machine communication.
