Sony's Mobile Woes

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.

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