News
Sony Ericsson shipments up, profits down
Tim Green Apr 23 2008, 11:10am
Sony Ericsson shipped 22.3 million in 1Q 2008, up two per cent on 1Q 2007.
However, sales were down eight per cent to E2.7 million, due to slowing market growth in mid-to-high end phones. Sony Ericsson also reported a 48 per cent drop in first quarter net profits.
Despite the quarterly sales drop, Sony Ericsson expects the global handset market for this year to grow by 10 per cent, from more than 1.1 billion units in 2007. This contrasts with Nokia, which said last week that it expects a slight fall.
The handset maker sold over 100 million phones in 2007, including the highly successful Walkman and Cuber-shot brands. In February it added its first Windows Mobile device, the XPERIA X1. It will launch later this year, along with the Walkman W980 and W760, and the Cyber-shot C702 and C902.
