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 Send to email | Sony Ericsson Stinks Up Q1 As Sales, Profits Shrink in NOKSNEERIC |  By Silicon
el 23-Apr-2008 |
sony-ericsson-phone.jpg: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
 As expected, Sony Ericsson's Q1 was terrible: Sales and profits dropped as people favored cheaper phones and the company jacked up its R&D spending.
The mobile phone maker, a joint venture of Sony (SNE) and Ericsson (ERIC), reported 2.7 million Euros ($4.3 billion) of revenue, down 7% from 2.9 million Euros during Q1 2007. Profits fell to 133 million Euros ($213 million) from 254 million Euros a year ago. Sony Ericsson's market share dropped to 8% from 9% in Q4. And average sales price dropped 10% year-over-year to 121 Euros.
The company blamed the weak quarter on "slowing market growth in mid-to-high-end phones in markets where Sony Ericsson has a strong presence." WSJ:
Nomura analyst Richard Windsor said the result showed that consumers,
hit by an economic slowdown and lower purchasing power, are sticking
with free low-end devices instead of paying for an upgrade to a more
high-tech device. He said this, combined with a lack of meaningful new
products to be released in the second quarter, mean there is little
chance Sony Ericsson will regain lost market share.
Sony Ericsson president Dick Komiyama says he expects business to pick up in the second half after new products come out.
Like Nokia (NOK) said last week, Sony Ericsson says it expects the mobile phone market to grow 10% this year, from more than 1.1 billion units last year. The problem: Most of that growth will come from emerging markets, where phone prices are lower.
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 | Nerdblog |  Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| Sony Ericsson warns investors of low profits |  In a preemptive strike intended to avoid a shock during their upcoming mid-July earnings report, Sony Ericsson warned investors that their results for this quarter might be less than stellar. The company is expecting to break-even, which is a far cry from a highly profitable 2007. SE expects to report that it has shipped fewer [...] [..] Read complete article | | Published 28-Jun-2008 by Joshua Karp in Sony Ericssonxperia
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
Nerdblog.Net |
| Sony Ericsson Leaks Z780 |  Oops! If you break out your bifocals you’ll see some products shots above of the upcoming flip phone that Sony Ericsson will be issuing in the not-so-distant future. That’s not the "oops" though; we’ve seen them before. Some eagle-eyed folks over at the Sony Ericsson Blog have spotted two new XML files on Sony Ericsson’s [...] [..] Read complete article | | Published 14-Apr-2008 by Zach Epstein in RumorsSony EricssonHandsets
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Nintendo's Sales And Profits Are Up, Yo [Nintendo Q109 Results] | | Nintendo Co., Ltd. has just released its financial statement for Q1 FY3/09. And yes, Nintendo still prints money. Oh yes. Lots. In fact, both sales and profits are up from last year's numbers Nintendo states. Net sales were ¥423,380,000 (US$3.9 million) for the quarter with a net income of ¥107,000,000 ($9 [..] Read complete article | | Published 30-Jul-2008 by Brian Ashcraft in Nintendo Q109 Results News Nintendo Original
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| Possible Sony Ericsson announcement coming Nov 6th |  According to the rumors floating around the Sony Ericsson blogs, a Sony Ericsson announcement is planned for Thursday November 6th. The highlight of the announcement is to be the formal launch of the Rika as the Walkman W705 - the Walkman version of the G705 which sports the following specs:
2.4?display (320×240)
3.2MP non-AF camera with [...] [..] Read complete article | | Published 05-Nov-2008 by Kelly Hodgkins in RumorsSony EricssonannouncmentBluetoothMBS-900portablespeakersW705Walkman
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| Rumored Sony Ericsson early 2009 Lineup |  This one is for you hardcore Sony Ericsson fans. The folks over at SEMC blog compiled a list of the upcoming Sony Ericsson phones with their codenames and known features. No new smartphones but a bunch of Cybershots, a few Walkmans and one phone rocking HSUPA are on the near horizon. The rumored early 2009 [...] [..] Read complete article | | Published 18-Oct-2008 by Kelly Hodgkins in
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Sony Ericsson Announces September 30 Launch for Xperia X1, No US Love |  Well lookie what we have here. Fresh off news of the sexy Sony Ericsson G705 we now finally have official launch info for the even sexier Xperia X1. You already know just about everything there is to know about the first entry into Sony Ericsson’s high-end Xperia line so we won’t bother going over it [...]
[..] Read complete article | | Published 10-Sep-2008 by Zach Epstein in HandsetsSony EricssonQWERTYtouchscreenX1xperia
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| Kotaku`s The Gamers Guide | Blogger | XBOX 360 Gamers Weblog
Gossip, news and leaks for obsessive gamers Kotaku As if you don't waste enough of your time in a gamer's haze, here's Kotaku: a gamer's guide that goes beyond the press release. Gossip, cheats, criticism, design, nostalgia, pred |
| Rock Band Drives Viacom Profits Skyward [Rock Band] | | Rock Band has been very, very good to MTV parent company Viacom, who announced that first quarter profits rose 33% based mainly off the sales of the sales of the title, along with higher advertising revenue at MTV Networks. The media conglomerate also enjoyed a [..] Read complete article | | Published 02-May-2008 by Mike Fahey in BusinessIndustryMtvNewsProfitsRock BandViacom
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