Sony Ericsson Posts Thinner Loss In Q4 – Update
Sony Ericsson Mobile Communications AB, a joint venture between Sony Corp. (SNE:News ) and LM Ericsson Telephone Co. (ERIC: News) Friday stated a narrower loss for the fourth quarter of fiscal 2009, driven by margin improvement. Though, quarterly incomes were down year-over-year, dazzling the global phone market fall and a faster-than-expected shift to touch screen handsets. Moving onward, Sony Ericsson assumes small progress in units in the 2010 global phone market.
The business informed a fourth-quarter net loss of EUR 167 million, linked to a net loss of EUR 187 million in the prior-year quarter and a net loss of EUR 164 million in the prior third quarter.
Remaining sales deteriorated 40% to EUR 1.75 billion from EUR 2.91 billion a year ago. The business accredited the sales reduction to a slump in the global phone market and a faster-than-anticipated shift to touch screen handsets in the mid-priced sector of the market.
Nonetheless, sales were up 8% successively from EUR 1.62 billion, driven by market seasonality and fruitful sales of Satio and Aino handsets.
Centered on market areas, Sony Ericsson’s sales in Europe, Middle East & Africa totaled EUR 966 million, down 41% from EUR 1.64 billion a year ago. Americas generated sales of EUR 222 million, though sales in the Asian region deteriorated 12% to EUR 562 million from EUR 636 million last year.
