Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sony Ericsson Posts 4Q Loss
Jan 20, 2009
 Printable format
 Email this Article
 Search

Sony Ericsson posted a €187 million (US$245 million) loss in the fourth quarter, mainly because of a 23% drop in sales.

However, the company said that despite the losses, the average selling price for its handsets were up from the third quarter, boosted by favorable currency rates and higher sales of its high-end models. It also maintained its estimated market share of 8% in the quarter.

The company said its cost savings plan is running "on track," but that it plans to increase the savings by shaving an extra €180 million off its operating costs. The full effect of that plan is expected by the end of this year.

The company said it expects the global handset market to contract and the average selling prices of handsets to decrease. It said its estimate of the global handset market in 2008 had been revised to 1.19 billion units — 6% growth. It had previously estimated growth of 10%.

Sony Ericsson said it shipped 24.2 million units in the fourth quarter, which was a 21% drop from the fourth quarter last year.

Back to Daily News

 

Daily News

...........................................................

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

Apr 23, 2014: CEA: Consumer Sentiment Down in April

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows