Following its acquisition of Ericsson’s 50 per cent share in Sony-Ericsson, Sony’s mobile unit has posted a staggering €1.15bn ($1.48bn) loss for the year ending March 31, 2012. This is in contrast to the €74m profit that Sony-Ericsson made a year earlier.
Sony will face a tough time turning around the fortunes of Sony Ericsson, which it will soon own outright, after the handset manufacturer posted a staggering net loss of €207m ($265m) for 4Q11. The loss is in contrast to the €8m profit the firm posted in the same quarter a year earlier.
Handset player Sony Ericsson seemed to have caught the telecoms analyst and press community off guard on Thursday morning, calling an early press conference to announce its joint venture split, just as most interested parties were making their way to Nokia World in London.
The owners of handset joint venture Sony Ericsson are to part company, with Japanese electronics firm Sony acquiring the 50 per cent share of the JV held by Sweden’s Ericsson for €1.05bn. The announcement comes ten years after the formation of Sony Ericsson, which saw two struggling handset units combined in the hope of marrying Sony’s consumer electronics expertise and Ericsson’s telecoms experience.
Sony Ericsson has reported a net profit figure of zero for the third quarter of 2011, as company continues to struggle in the increasingly competitive handset market.
What does it mean when the executives start jumping ship from Nokia to Sony Ericsson? This week Tommi Laine-Ylijoki, who worked until recently as VP of materials management at Nokia, joined Sony Ericsson as head of operations, reporting directly to CEO Bert Nordberg.
Sony Ericsson has launched its own channel on the Android Market. The handset maker claims that it is the first manufacturer to offer such a service, which will be operator-dependent. Owners of Sony Ericsson handsets will now see the “my apps” feature on their Android phone replaced with the Sony Ericsson channel, although they will still be able to access “my apps” from the phone’s menu. While this last change may cause consternation among some users, Xperia users may find direct access to software geared specifically towards them handy
Handset vendor Sony Ericsson has reported net profit of €8m for the Q4 2010, marking its fourth consecutive quarter in profit. Net income for full year 2010 was €90m, the firm said, compared to a loss of €836m for 2009. President and CEO Bert Nordgberg described 2010 as “a turnaround year” for Sony Ericsson, and attributed improvements in the firm’s fortunes to its “shift towards an Android-based smartphone portfolio.”
Users of Android handsets place the greatest up- and downlink demands on mobile data networks according to a study carried out by location-based network management firm Arieso. The study used the data usage profile of iPhone3G owners as a benchmark and looked at usage patterns for a range of handsets, including the Blackberry Bold, the Google Nexus One, the HTC Desire, the Sony Ericsson Xperia and the iPhone4.
Handset vendor Sony Ericsson has reported its third consecutive profitable quarter, benefitting from the same magical healing powers of Android as Motorola. The firm turned in €49m in profit in the third quarter, compared to a net loss of €164m in the same period last year.
Intriguing or unnecessary? Take your pick. Sony Ericsson on Tuesday showed off an Android-based gadget designed to be an interface to the mobile phone.
China’s homegrown 3G technology, TD-SCDMA, won a little more support this week as device vendors Motorola and Sony Ericsson got behind the platform with a raft of new devices catering to the country’s nascent data services market.
Android’s open strategy seems to be working very well, winning the platform enough support to drive 886 per cent growth between the second quarter of 2010 and the same period in 2009.
Handset vendor Sony Ericsson achieved its second consecutive profitable quarter, posting net income of €12m for the second quarter of 2010. In the same quarter last year the firm made a loss of €213m, while in Q1 2010 the firm recorded net profit of €21m. Revenues were also up, at €1.76bn, compared to €1.68bn for Q209 and €1.4bn for Q1 this year.
Japanese-Swedish handset joint venture Sony Ericsson trumpeted a return to profit Friday morning as it reported its first quarter 2010 results. The firm said that net profit for the quarter was €21m, but noted that restructuring costs were not taken into account.
Using the power of brand to reach consumers, Nokia on Wednesday hopped into bed with Skype to make the VoIP client available to some 200 million smartphone users worldwide.
Sony Ericsson launched three new handsets on the eve of Mobile World Congress in Barcelona in a bid to get in ahead of the wave of announcements expected at the show. Sony CEO Howard Stringer was on hand to show parental support for the joint venture, although partner Ericsson was absent from the presentations.
Swedish infrastructure vendor Ericsson reports its financial results next week, but statements from its two joint ventures on Friday do not bode well for the firm.
In the mobile handset space, volume market leaders like Nokia, Samsung, LG, Motorola and Sony Ericsson are being challenged by RIM, Apple, HTC and Palm, which are significantly eroding their market share with an assault in the smartphone market.
It’s been a rough week for struggling handset manufacturer Sony Ericsson, with issues affecting two of its flagship devices in the UK.
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