Sony Ericsson profits up 54 per cent


Sony Ericsson profits up 54 per cent
Mobile phone firm Sony Ericsson has reported a 54 per cent increase in quarterly profits.

But the €220 million (£149 million) the London-based firm made in the last three months is behind comparative returns experienced in 2004/5 and 2005/6.

On a year-on-year basis Sony Ericsson, the world's fourth-largest mobile phone manufacturer, said its revenue had grown 59 per cent.

According to the firm's president Miles Flint, the sale of nine million Walkman phones in the same period had consolidated Sony Ericsson's leadership in the music phone market.

"Sony Ericsson has continued to capture market share in a more competitive market place with a product offering that addresses a wider consumer audience than ever before," he claimed.

"Our financial results for quarter two 2007 reflect our direction to build our brand in key imaging, music and multimedia categories with a portfolio that includes more competitively priced phones."

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure