Skip to main content

Sony Ericsson reports surprise profit

Sony Ericsson has reported a surprise profit for the first three months of the year, boosted by new product launches and cost savings.
Net profit came in at 21m euros ($28m; £18m), compared with a loss of 293m euros a year earlier.
The unexpected profit came despite mobile phone sales being 28% lower from a year ago at 10.5 million phones.
Sony Ericsson is playing catch up with other mobile makers that were quicker to launch smartphones.
Falling sales
"We are pleased to see the positive impact of both the launch of new products and the business transformation programme improving the company's results," said Bert Nordberg, president of Sony Ericsson.
He picked out the company's new Experia X10 and Vivaz products as being particularly well received.
Despite the launches, sales over the quarter fell to 1.74bn euros compared with 1.41bn euros for the same period a year ago.
Improved margins and cost-cutting also helped to improve profitability.
Sony Ericsson reported a net loss of 836m euros for 2009 as a whole.
The mobile phone market has been hit by the global downturn, as consumers hold off from buying new phones.
Sony Ericsson has also been caught off guard by the switch to smartphones - the one area of the market where sales have been growing.

Popular posts from this blog

Love, Sex and Adultery in Ancient Egypt

Women had more freedom than their counter parts in Mesopotamia, for instance, but never as much as Paris Hilton and pals. Egyptians married young, very young indeed, and, in royal families, between themselves. Childbirth was dangerous but encouraged in ancient Egypt - prosperity was a goal for everyone and that included having a big family. The love and sex lives of the Egyptians were as complicated as they are today. Turin's famous Erotic Papyrus assures us that the Egyptians were sexually adventurous, with a penchant for naked belly-dancing, and collections of love poetry from the Amarna era reveal that they were also big romantics. According to Angelina Jolie in recent news “fidelity is not essential in her relationship with Brad Pitt”, but adultery is one of the oldest reasons for divorce, death and depression - the 3 D’s - and in ancient Egypt as in most of the modern world, women often still file for divorce on the grounds of adulte...
Read more

Sample of Rajasthan architecture

GLITTERING LIKE A JEWEL: Sri Sankeshwar Paraswanath temple. Photos: S. Siva Saravanan Sri Sankeshwar Paraswanath temple, in R. S. Puram, Coimbatore, is a magnificent specimen of Rajasthan's intricate architecture. Dedicated to Sri Sankeshwar, the 23rd teerthankara, this 25-year old temple is a well-known Jain pilgrim centre. Acharya Vikram Suriswarji performed the `Anjan Shalaka Pran Pratishta' (Kumbhabhishekam) of this temple in 1981. He was the inspiration behind the Coimbatore Jain Swetambar Murthipujak Sangh which has sponsored this temple. The temple has three garbhagrahas — Sri Sankeshwar (at the centre), flanked by Sri Shanthinath and Sri Mahavir. Separate niches There are also separate niches for Sri Munishwar, Sri Adinath and Sri Sumathinath. This temple, situated on the busy Ponnurangam road, glitters like a jewel. All people, irrespective of their faith, are welcome inside. However it is expected that only vegetarians enter the precincts. The temple, built on the li...
Read more

Born poor, now self-made billionaires - Ed Liddy

Ed Liddy, former chief executive officer of American International Group (AIG ) had to face lot of hardships before he rose to great heights. Ed Liddy's father died when he was just 12 years old. According to a BusinessWeek report, he had a poverty-stricken childhood. Liddy graduated from Catholic University of America in 1968 and received a master's degree in business administration from George Washington University in 1972. He worked with Ford Motor before joining G D Searle & Co in 1981. The 63-year old Liddy earned about $130 million during his eight-year tenure at Allstate. In the wake of the financial crisis, Ed Liddy came to rescue the ailing AIG, worked for a salary of $1. But the act turned disastrous when the company handed out employee bonuses totally $165 million after it had accepted $170 billion in government bailout funds. This forced him to quit AIG.
Read more