Mobile phone manufacturer Sony Ericsson reported second-quarter net income was 75 million euros (approx. U.S. $90.9 million), a 23-percent decrease compared to 113 million euros (approx. $136 million) in the second quarter of 2005.
Units shipments for the quarter reached 11.8 million, a 14-percent increase compared to the 10.4 million units shipped in the same period last year.
Sales for the quarter were 1.6 billion euros (approx. $2 billion), a 7-percent increase compared to 1.5 billion euros (approx. $1.8 billion) in the same period in 2004.
According to the company, the global handset market grew faster than expected during the quarter, primarily because of increased demand in the lower price segments in both mature and emerging markets.
Sony Ericsson has upgraded its global market outlook for 2005 to over 720 million units.
"Sony Ericsson is pleased to report a solid second quarter which saw the company gaining momentum as new products began to ship, and the increased investment in product portfolio expansion over the past year started to bear fruit," said Miles Flint, president of Sony Ericsson.
"New phones announced in the first quarter, such as the 2 megapixel, auto-focus K750 camera phone, the K600 mid-tier UMTS 3G phone, and the K300 -- an affordable camera phone, were well received by consumers and started to make a good contribution during the quarter," Mr. Flint continued. "We are also excited to be the first to bring a complete music proposition to market with the new Walkman(R) phone, that will start shipping shortly."
to Daily News