Sony Ericsson Triples 3Q Profit
Mobile phone maker Sony Ericsson today reported that it had more than trebled third quarter pre-tax profits, but the market leader, Nokia, reported a 20% fall. Sony Ericsson, the world’s fifth-biggest handset maker, made gains on the back of soaring demand for its camera phones. It said it expected sales to grow further during the crucial Christmas shopping quarter.
The company — a joint venture between Sony, of Japan, and the Swedish mobile network maker Ericsson — made profits of €136m (£93m) during the quarter, up from €39m last year and well ahead of market forecasts of €118m. It sold 10.7m phones in the three months, up 51% on last year. Continue >>