Sony’s Mobile Woes

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As we reported a few weeks ago, Sony Ericsson isn’t doing much for its parent company lately, with weak handset sales and an almost non-existent presence in the U.S. wireless market. Now the Associated Press is reporting that the company’s profit fell 50 percent compared to the same quarter last year, due to its mobile woes as well as—get this—the “absence of Spider-Man 3 revenue.”

The report said blamed price competition, unpopular products and higher research investments for Sony Ericsson’s particularly poor results. Plus, Sony’s music business Sony BMG “deteriorated into losses from a year earlier, reflecting an overall decline in the worldwide market and restructuring costs.” We think it has something to do with the fact that Sony, a company that (uniquely) churns out both MP3 players and music artists, is too busy trying not to sue itself.