Telefonaktiebolaget L M Ericsson Class B
ERIC B: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 51.00 | Cwp | Msyhjcx |
Ericsson’s Licensing Agreement With Apple Is a Relief but Not a Surprise
Ericsson announced that it has reached a multiyear agreement with Apple that allows Apple to continue licensing Ericsson’s patents for use in Apple products. The deal follows a year of litigation between the companies after the prior contract expired at the beginning of 2022, but it does not mark a change in Apple’s use of Ericsson’s intellectual property. We expected the dispute to be settled, and it does not change our long-term forecast or SEK 100 fair value estimate for Ericsson.