Sony Ericsson Reports Q3 Results
Sony Ericsson continued their dismal performance, carrying from Q2,2008 to the next quarter, with estimated losses of more than 33mn Euros.This however includes the 35mn reconstruction charges. Sony Ericsson have been losing market share and their phones have been continually scrutinized for ungainly performance, as a result of which the markets have shown instability and thus the loss. SE predicts that they will be up and running through profitable terms by Q2 2009.
Q3 highlights:
* Break even results, excluding restructuring charges, as challenging business conditions continued
* C902 Cyber-shot™ camera phone is hit model of the quarter
* First Xperia™ branded multimedia phone X1 began shipping
* Expansion of music service offering with announcement of PlayNow™ plus
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This entry was posted on Saturday, October 18th, 2008 at 11:37 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
