Sony Ericsson breaks even in Q3 financials, focusing on smartphones only in 2012

Sony Ericsson breaks even in Q3 financials, focusing on smartphones only in 2012
Just a day after Google reported about there being 190 million Android phones manufacture, Sony Ericsson has announced its quarterly financials and 22 million, or around 11.5% of those, were handsets mady be the Swedish-Japanese JV. 

Now, 80% of the company’s sales come from smartphones, while the remaining 20% are from feature phones. With this in mind, Sony Ericsson reaffirmed its commitment to make smartphones only in 2012:

"We will continue to invest in the smartphone market, shifting the entire portfolio to smartphones during 2012," SE's CEO Bert Nordberg confirmed.

Sales in the quarter amounted to 9.5 million units, a recovery from the 7.6 million sold in the summer quarter, but still down 9% when compared to Q3 of last year. 

Results for the third quarter also slightly beat analysts' expectations as the company swang back into operating profit, after a disappointing second quarter. Looking at net results, the SE broke even. The average price of a Sony Ericsson handset surged to $223 (166 euro).

The company didn’t comment on the latest rumor claiming that Sony is about to buy Ericsson’s 50% stake in the phone maker. Analysts have pointed out that the move would be welcome for SE’s smartphones as they’d be able to fully integrate Sony’s services. Ericsson’s stake is estimated at around $1.5 billion.


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