This story was originally published here.
Ericsson (NASDAQ:ERIC) earnings for the telecommunications company’s second quarter of 2020 have ERIC stock soaring on Friday. This comes after reporting diluted earnings per share of 74 cents, which is better than Wall Street’s estimate of 63 cents. Its revenue of 55.6 billion kr also beats out analysts’ estimates of 50.18 billion kr.
Here are some additional highlights from the most recent Ericsson earnings report…
Editor's Note: Click here to keep reading.
The Death of the Smartphone
You’ve got to watch this…
In this video, legendary stock picker Matt McCall puts a brand-new $900 iPhone in a blender.
Why would he do such a thing?
Why would Matt grind today’s most sophisticated piece of smartphone technology into dust?
As he explains… he wanted to make a point.
The big message Matt was trying to convey is… ALL current-generation smartphones will soon be obsolete…
A new cutting-edge phone is being developed that will make even the most popular phones on the market look and feel like technological dinosaurs.
In fact, this device is so revolutionary our concept of a “phone” is about to change in an even more radical way than ever before.
Over the years, we’ve watched as the phone evolved from a landline to a cellphone to a smartphone…
And now the next big evolution… the next generation in phone technology… is here.
And this time, the disruption is going to be much, much bigger.
Matt was lucky enough to get his hands on an early prototype of this new phone so he could show you himself what it’s capable of.
It’s simply incredible.
It’s going to change the world.