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Sony Ericsson posts giant loss

19 April 2009 14:05 by Andre "DVDBack23" Yoskowitz | 7 comments

On Friday, Sony Ericsson posted a large loss of $382.4 million USD, adding that phone shipments fell 35 percent year-on-year, to 14.5 million units between January and March.

Additionally, the company will cut 2000 more jobs on top of the 2000 already cut in the past year.

Officials estimated that due to the global economic recession, the entire mobile phone market will shrink 10 percent in 2009, with just about 1.2 billion phones shipped for the year.

Perhaps more critical for the future of the company is the fact that they have lost 2 percent market share in the past year, dropping to 6 percent, and being surpassed by LG, Samsung and possibly Motorola. Notably, Sony Ericsson has lost giant amount of market share in the high-end market.

Permalink to this article | Topic: Phones

Sony Ericsson reports fourth consecutive quarterly loss for Q2 (17 July 2009)

Sony Ericsson 'PlayNow' service now includes movies (29 May 2009)

New Sony Ericsson phone integrates with PS3 (28 May 2009)

Video game criticized by Hindu leader (21 April 2009)

Sony to buy out Ericsson's share of Sony Ericsson? (18 March 2009)

Skype integration headed to Nokia, Ericsson phones (18 February 2009)

Sony Ericsson to start unlimited download service (9 September 2008)

Update: Sony Ericsson's PlayNow available in four countries (25 August 2008)

Sony Ericsson starts DRM-free music store (22 August 2008)

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Morreale (Member) 19 April 2009 14:11
Yea well most of their phones are overpriced and/or just suck. My friend has a W810i and I've tried it and I think I can say that I'll never buy a Ericsson phone because it takes a learning curve to use it :P Definitely not as simple as my Nokia 6275i which has the exact same specs and features and was $100 cheaper I think and it looks nicer too (the black one). [ + quote]
DXR88 (Senior Member) 19 April 2009 15:04
Sony needs to realize there competition is dropping the price, while there product's remain for a premium fee. i could get a 40inch Samsung for $768, or i could get a Sony 40inch for $932. [ + quote]
Morreale (Member) 19 April 2009 15:08
*Originally posted by DXR88:* Sony needs to realize there competition is dropping the price, while there product's remain for a premium fee. i could get a 40inch Samsung for $768, or i could get a Sony 40inch for $932. I don't know if that's the greatest example... Normally Sony LCDs have a better picture then the rest... They've gotten cheaper there too, before that $932 would have been like $1,232 from what I've noticed. [ + quote]
EricSher (Inactive) 19 April 2009 18:27
spam removed [ + quote] This message has been edited since posting. Last time this message was edited on 19 April 2009 21:07
Morreale (Member) 19 April 2009 19:00
*Originally posted by EricSher:* SpamInACan edited by ddp WTF is going on with AfterDawn these days? Where the hell did all of these Nigerians come from? [ + quote] This message has been edited since posting. Last time this message was edited on 19 April 2009 22:12
DXR88 (Senior Member) 19 April 2009 20:17
*Originally posted by Morreale:* WTF is going on with AfterDawn these days? Where the hell did all of these Nigerians come from? From the dark depths of the interwebs. [ + quote] This message has been edited since posting. Last time this message was edited on 19 April 2009 21:32
binkie7 (Moderator) 19 April 2009 21:09
@Morreale & DXR88 Let's try and be a more selective with the quote function and not quote the stuff that breaks the rules. You'll need to edit the 'offending' link from your posts. Forum Rules Do this before posting Do not click this link... [ + quote]