Ericsson

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  • Sony Ericsson Posts Q4 Loss, Blames ‘Intense Competition’

    boygeniusreport.com 3 weeks, 5 days ago

    Sony Ericsson on Wednesday posted a €247 million loss, blaming “intense competition, price erosion and restructuring charges” for its poor results. While the Swedish joint venture did continue to make headway in the smartphone market, noting a 67% increase in Android-based Xperia smartphone sales compared to the fourth quarter in 2012, the average selling price of its phones dipped 14% sequentially and operating margin plummeted to -10% excluding restructuring fees. Mobile phone shipments were down to 9 mil

  • Sony Ericsson Reports Large Loss As Sales Fall Sharply

    forbes.com 3 weeks, 5 days ago

    Sony Ericsson this morning reported a large Q4 loss, reflecting? intense competition, price erosion and restructuring charges.? Ericsson is selling its stake in the mobile phone joint venture to Sony, which has renamed the business as Sony Mobile. For the quarter, Sony Ericsson reported sales of 1.288 billion Euros, down from 1.586 billion in Q3, ...

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