Record Quarter Caps a Record Year for Sony Ericsson Jan 22, 2007

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Sony Ericsson said units shipped in the quarter reached 26.0 million, a 61 percent increase compared to the same period last year, generating significant year-on-year market share gains. Sales for the quarter were 3.8 billion euros (approx. U.S. $4.9 billion), representing a year-on-year increase of 64 percent. Income before taxes for the quarter was 502 million euros (approx. $650.7 million) representing a year-on-year increase of 144 percent. Net income for the quarter was 447 million euros (approx. $579.4 million).

Sony Ericsson increased market share during the quarter due to the continued success of products such as the K800/K790 Cyber-shotTM phone and Walkman(R) phone line-up. Average Selling Price (ASP) was slightly higher than expected due to more favorable than expected market conditions and continuing strong demand for Sony Ericsson's hit model handsets. The company said it saw particularly strong growth in emerging markets in Latin America and Asia Pacific, as well as in Europe.

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