Ericsson seeks exit from cellphone business?

This article contains unofficial information.
Ericsson seeks exit from cellphone business?
According to the new edition of German periodical Manager-Magazin, Swedish phone manufacturer Ericsson wants a divorce from their partnership with Japanese firm Sony. Sony has expressed interest in buying out their partner's stake in the joint venture even though cash is sparse for it at the moment. In the fourth quarter of last year, the latest data available, the Sony Ericsson team posted a loss of 187 million EUR. Danish Investment firm Danske Bank has told its clients that such a deal would add very little money to the Swedish firm's coffers, and could, in fact, cost Ericsson some money depending on the timing of a split-up. We also could see other handset makers interested in the company. The combination has produced both smart and feature phones. The flagship model produced from the partnership is considered to be the Xperia X1 smartphone, a Windows Mobile model that uses a unique panels UI. As with any divorce, this could get messy in terms of splitting up assets. One question: who gets the kids?

SonyEricsson Xperia X1 Specifications | Review

source: Manager-Magazin (translated) via MobileBurn

FEATURED VIDEO

6 Comments

1. heavybreathing

Posts: 276; Member since: Feb 26, 2009

THANK GOD. I'm so glad they're gunna call it quits. I work for Warranty Exchange at ATT...this is going to cut back on our warranty calls BIG TIME. Crappiest phones on the market.

2. ding2134

Posts: 38; Member since: Dec 30, 2008

seriously.... why couldnt att get the james bond quality instead of kaybee??

3. Jyakotu

Posts: 867; Member since: Dec 12, 2008

I'll miss my phones with 7+ hours of talk time. Sony Ericsson phones are awesome.

4. MoonlitTear

Posts: 52; Member since: Jun 09, 2008

Heavy, I concur. I work in National retail and every SonyEricsson phone we ever carried had the highest return rate and people unhappywith their purchase than any other manufacturer. (including Motorola). I in good conscious could not reccomend any of them. They were all great ideas, and interesting handsets. Just were so poorly designed. Perhaps now Sony will create a better partnershjip or go it alone and produce some kick ass handsets. I support this 'divorce,'

5. Vitamins4022 unregistered

I do love my low-cost high-feature sony ericsson phone, but it is for real a piece of crap. Mine has brain damage right now, but that is because I dropped it on a hard floor.

6. dgjr

Posts: 4; Member since: Mar 19, 2009

I'm for it. I hope Sony makes a PSP type phone.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.