Telefonaktiebolaget L M Ericsson Class B

ERIC B: XSTO (SWE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SEK 54.00	Xskt	Pkmlytt

Ericsson’s Licensing Agreement With Apple Is a Relief but Not a Surprise

Matthew Dolgin

Dec 9, 2022

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.

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