AfterDawn: News

Sony Ericsson continues streak of poor earnings

Joint mobile phone venture Sony Ericsson has reported poor earnings once again this morning, although the loss was more narrow than expected by Wall Street analysts.

For the Q3 2009, losses amounted to euro 164 million (about $245 million USD). Last year, for the same period, losses came to euro 25 million. Revenue was crushed as well, dropping from euro 2.8 billion to 1.6 billion year-on-year.



Handset units rose to 14.1 million, up 2 percent for the quarter but still down 45 percent for the year.

The company did say however it had received euro 455 million in external financing, mainly from its two parent companies.

Looking to the future, President Dick Komiyama said current market share is around 5 percent and he expects the entire mobile handset market to shrink by 10 percent in 2009.

Written by: Andre Yoskowitz @ 16 Oct 2009 10:45

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• 2 comments

• KillerBug

  Good!
  
  They refuse to make a PSPhone. If they refuse to use the technologies available to them, then they will (and already have) fall behind. No one will mind when this dinosaur dies, not even the CEO (if he cared, they might develop a good product).

  17.10.2009 04:47 #1

• xboxdvl2

  my mum had a sony ericsson mobile phone & it was crap.i got her to drop the plan she was on, sell the phone and buy a nokia shes much happier now.i hate sony ericsson mobile phones and im not surprised the companys going broke.
  

  P3 750mhz
  lite on 16X dvd burner
  256DDR
  
  
  sig compiled by Phantom69

  18.10.2009 02:47 #2