Sony Ericsson Posts 2009 Net Loss
Sony Ericsson has released its 2009 profit statement, indicating a net loss for the year despite late efforts like the company’s popular Satio handset.
That loss amounted to $40 million in Q4 2009 though it was a big improvement over the reported Q3 2009 loss of $198 million. Most indicators point to Sony Ericsson’s restructuring efforts [...]
Smartphone Sales Remain Strong Despite Soft Market
Cell phone sales in Q2 2009 may have dropped more than 10 percent from the same quarter last year but new numbers released by research firm IDC indicate that smartphone sales remain strong. Numbers reported from smartphone makers Apple, LG, RIM, Nokia and Samsung all indicate higher that expected sales where high-end devices are concerned.
Market [...]
LG Expected to Report Growth Despite Recession
Despite the ongoing global recession, handset manufacturer LG is expected to report continued strong growth when it releases its quarterly profit report on Wednesday. The Wall Street Journal reports that LG will post growth around 10%; this while the rest of the mobile industry is bracing for an expected 10% decline.
LG attributes much of their [...]
Sony Ericsson Reports Heavy Q2 Losses
Handset manufacturer Sony Ericsson is reporting another significant loss for the fourth straight quarter with only 13.8 million phones shipped, a 43 percent decrease from Q2 2008.
This quarterly loss equaled a total of 213 million EUR, beating dire analyst predictions but still leading company president Dick Komiyama to speculate that 2009 would get worse before [...]
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