Sony Ericsson: sales plunge on smartphone delay
STOCKHOLM (AFP) –
Delays in competing in the smartphone market hit third-quarter results at mobile phone maker Sony Ericsson which reported on Friday a sharply wider net loss and a 42-percent sales plunge.
The joint Japanese-Swedish enterprise formed in 2001 said that net earnings came to 164 million euros (244 million dollars) in the July-September period after a shortfall of 25 million euros in third quarter 2008.
Third quarter sales fell 42 percent to 1.62 billion euros from 2.80 billion a year earlier. Compared with the second quarter sales were down 4.0 percent.
From July to September the company sold 14.1 million mobile phone units, a 45 percent fall from the 25.7 million sold in the year-earlier period.
But the company pointed to a 2.0 percent gain in sales from the second quarter. The average third quarter sales price was 114 euros against 122 euros in the se…
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