The Pandemic Was Brilliant for Big Tech, but Not Everyone Was at Home

Ericsson has seen a massive investment cycle from our service providers across Europe to match that. We also obviously had some issues with the supply chain, which meant that a lot of technology companies that have hardware-related businesses saw huge increases in lead times. So yeah, there's definitely an impact from the macroeconomic climate and the spending patterns of service providers. And they're also obviously seeing from the demand side, they're seeing a macroeconomic situation affecting subscribers' willingness to pay for extra services or upgrade their services. That is definitely the case.