Sony Ericsson

Ericsson’s third quarter profits drop 74 per cent

Swedish infrastructure and equipment vendor Ericsson took a beating during the third quarter of 2009, watching its net income dive 74 per cent year on year, dragged down by poor demand and further hits from its joint ventures.

ST-Ericsson shrinks loss in third quarter

Swedish vendor Ericsson’s other joint venture, chip firm ST-Ericsson, continues to drag on the company’s earnings, but like Sony-Ericsson’s losses, at least they’re moving in the right direction.

As Nokia takes big hit on NSN, Google says recession is over

Finnish vendor Nokia shook the market on Thursday, announcing a surprise loss of €913m for the third quarter of 2009, compared to a profit of €1bn in the same period last year. The hit was due to a €908m impairment charge against goodwill associated with infrastructure unit Nokia Siemens Networks.

Sony Ericsson reshuffles top brass

Struggling handset vendor Sony Ericsson on Monday announced a change of leadership that will see chief executive Dick Komiyama step down at the end of the year, to be replaced by Bert Nordberg, currently executive vice president of Ericsson.

Nokia lead threatened by smartphone market growth

Second quarter 2009 handset market data from Gartner shows lead player Nokia coming under increasing pressure as the smartphone sector outperforms the market. Overall handset shipments were down 6.1 per cent year on year for Q209, at 286.1 million but smartphone sales increased by 27 per cent to reach almost 41 million.

Sony Ericsson shrinks loss in second quarter

The fortunes of flagging handset vendor Sony Ericsson improved a little during the second quarter of 2009, with the firm reporting a loss of Eur213m, compared to a profit of Eur6m for the same period last year.

Sony Ericsson jumps on app store bandwagon

And another one jumps on the app store bandwagon. This time it’s struggling feature phone vendor Sony Ericsson, which on Thursday announced plans to distribute mobile applications via its PlayNow arena.

Sony Ericsson unveils media gadgets

Japanese-Swedish joint venture Sony Ericsson reignited rumours that a PlayStation phone is in the works, when it showed off a handful of new gadgets on Thursday night, including one that interfaces with the PS3.

Ericsson profit drops 30 per cent

On Thursday, Swedish kit vendor Ericsson recorded a 30 per cent drop in net profit for the first quarter of 2009, coming in at SEK1.8bn (Eur168m) compared to SEK2.6bn in the same period last year.

Sony Ericsson faces ‘new market reality’, cuts 2,000 jobs

Struggling handset vendor Sony Ericsson’s first quarter loss before taxes came in at the lower end of expectations on Thursday, dropping to Eur368m. For the first three months of 2009, the firm reported a net loss of Eur293m, compared to a profit of Eur133m in the same period last year.

Sony Ericsson loses US chief

The head of Sony Ericsson’s North American operations, Najmi Jarwala, is to step down from his post at the end of March.

Sony Ericsson warns on first quarter sales

Japanese-Swedish joint venture Sony Ericsson warned Friday that its first quarter results would be hard hit by consumer belt tightening and de-stocking in the retail channels.

Handset sector feels the pinch

As the credit crunch takes its toll on the mobile market, some analysts have suggested that global handset sales in the traditionally lucrative fourth quarter may actually be down sequentially on Q3 for 2008. So far, only two top vendors have reported their figures for the fourth quarter, with troubled Motorola posting a 25 per […]

Sony Ericsson hit by credit crunch

Mobile handset vendor Sony Ericsson reported a net loss of Eur73m for 2008, down from a profit of Eur1.1bn in the previous year. Handset shipments spiralled down from 103.4 million in 2007 to 96.6 million in 2008, as the credit crunch hit home and consumer demand for new devices dried up. The crucial Christmas period, […]

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