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 Sees Q1 2004 Profit
Apr 27, 2004
 Printable format
 Email this Article
 Search

Cell phone maker Sony Ericsson (Stockholm, Sweden) posted a first-quarter profit more than double what analysts expected and said strong sales of new camera phones boosted its market share as consumers flocked to its low- and mid-range phones that feature bright colors, clamshell cases, and entertainment options.

The company earned 82 million euros (U.S. $98.7 million) in the quarter that ended March 3, 2004 in contrast to a loss of 104 million euros a year earlier. Analysts had expected a profit of 36.7 million euros ($44.3 million).

It was the third consecutive quarter that Sony Ericsson, a joint venture between LM Ericsson of Sweden and Japan's Sony, posted a profit. Before that, it had lost money steadily since its founding in 2001.

Sales rose to 1.34 billion euros ($1.6 billion) from 806 million euros a year ago.

"A third consecutive quarter of profits and good growth in sales demonstrates that our strategy is paying off," said Katsumi Ihara, Sony Ericsson's president. "Our focus on GSM, UMTS and Japanese standards has proven successful, and our direction to emphasize imaging, multimedia, entertainment, and industrial design is well reflected in our latest product offerings." (Dow Jones Newswire)

Back to Daily News

 

Daily News

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

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

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

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

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows