Feeds

Sony Ericsson carries on making money

Getting to be habit-forming

  • alert
  • submit to reddit

Build a business case: developing custom apps

This is getting to be a bit of a habit. Sony Ericsson has posted a quarterly profit, its fourth in a row. As the profit in question is for its fiscal Q2, it's a bit early yet for the mobile phone maker to uncork the champagne for a full financial year in the black. But indications are promising.

The Japanese-Swedish mobile handset maker produced net income of €89m for the three months to the end of June (Q2 03 -€88m) on revenues up almost a third to €1.5bn (£1.13bn). Pre-tax profits were €113m (€102m).

Average selling prices for the quarter were €145, down from €152 in Q1 and €167 in Q2. This is because the product mix has changed, rather than collapsing prices - S-E reports that it is selling more GSM phones these days. It is is flogging a hell of a lot more handsets, with shipments up 55 per cent year on year to 10.4m units. It also says the results reflect "continued strong demand for our style-oriented line-up of imaging and multimedia phones". In other words, it's flogging its fair share of expensive handsets too.

The company forecasts that the mobile phone industry will ship 600m units sales this year, revising its earlier estimate of 550m units. ®

Related stories

Sony Ericsson Vodafone-only phone to go Live! in July

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.