Sony Ericsson posts fourth quarter loss

Sony Ericsson posts fourth quarter loss
We’re starting to see a trend that is happening around the world that may not stop even with the dawn of the new year. Many companies have announced losses and even to the point of laying workers. Sony Ericsson posted a worse-than-expected fourth quarter loss of $245 million dollars. In comparison, they made a profit of $492 million during the same period last year. In this grim economy, Sony Ericsson might go through a restructuring period which would save the company some revenue in the long run. It’s going to be one long year for everyone in the business…

via: mocoNews
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