Monday, January 19, 2009

Sony Ericsson posted net loss, lower revenue. (update 1)


MOBILE phone maker Sony Ericsson Mobile Communications Ltd posted a weaker than expected fourth quarter numbers, with a net loss of 187 million euros, partly due to weaker sales.

Sales declined by 23 per cent to 2.91 billion euros. It shipped 24.2 million phones during the quarter, a 21 per cent drop against Q4 last year.

The bad news? It did not rule out more job cuts this year.
Update: the company added that it aims to be profitable by as early as second half 2009.



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