Sony Ericsson posts quarterly loss, affected by Japanese earthquake

It's that time of the year when companies lay their financials for the quarter out, and while we all expect that, Sony Ericsson's move back into the red comes unexpected. The Swedish-Japanese joint-venture has been severely affected by the devastating earthquake in Japan and posted a pre-tax loss of nearly $59.5 million (42 million euro) as sales stood at $1.58 billion (1.2 billion euro).
One of the first casualties of the supply chain disruption was the Sony Ericsson Xperia neo, which was pushed for the third quarter of the year. Along with the net loss, the average selling price for SE fell to $221 (156 euro) from $226 (160 euro).
"Our shift to Android-based smartphones continues with smartphone sales accounting for more than 70% of our total sales during the quarter," Nordberg added. As the Android space becomes more and more crowded, SE's share in it amounts to 11%, according to the company's own estimations. But while the company has been struggling in the last quarter, there seems to be light at the end of the tunnel as the dual-core Sony Ericsson Xperia duo promises to bring the company on par with the latest high-end devices in terms of pure specifications.
source: Reuters, Wall Street Journal
0 Comments
Be the first one to post a comment
PhoneArena Comments Rules
A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.
Things that are NOT allowed:
Moderation is done by humans. We try to be as objective as possible and moderate with zero bias. If you think a post should be moderated - please, report it.
Have a question about the rules or why you have been moderated/limited/banned? Please, contact us.
Comments Options
Report Post
Send a warning to post author
Send a warning to Selected user. The user has 0 warnings currently.
Ban user and delete all posts
Message to PhoneArena moderator (optional):