Sony Ericsson Disappoints, Profits Nosedive
On the other hand, while Nokia is doing quite well, Sony Ericsson? Not so much. MocoNews reports that the beleaguered handset division managed to break even in the face of what it called “challenging market conditions and increased competition”— but net income nosedived in the second quarter, plummeting to just 6 million euros ($9.5 million).
In essence, sales were down 9%, gross margins fell to 23%, its average handset selling price fell, and its future growth will likely be limited to emerging markets, rather than any regaining of market share in the dominant ones.
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