Feeds

Sony Ericsson profits double in Q2

Sales up

Top 5 reasons to deploy VMware with Tegile

Revenue and profit at Sony Ericsson soared during the second quarter on the back of strong sales of its high-end Walkman mobile phones.

The world's fifth biggest mobile phone manufacturer announced revenue of €2.3bn for its fiscal second quarter, a rise of 41 per cent from the year-ago quarter.

Net income for the three months ended 30 June reached €143m, almost doubling the €75m profit recorded in the second quarter of 2005.

Income before taxes was €211m, marking an increase of 143 per cent from the €87m posted for the same quarter a year ago.

Sony Ericsson shipped 15.7 million mobile phones during the second quarter, up 33 per cent on the 11.8 million handsets sold in the same quarter last year.

The average selling price of mobile phones declined slightly sequentially, due to a greater proportion of low-priced models, such as the J100, J220 and J230 shipping in volume.

During the quarter the company shipped three new Walkman phones, the W300, W700 and W42S and announced two new models: the W850, a tri-band/UMTS slider phone, and the quad-band EDGE W710, the first sports Walkman with pedometer and jogging applications. The firm also began shipping the K800, Sony Ericsson's first Cybershot-branded camera phone.

"The second quarter has seen Sony Ericsson both announce and start to ship a wide variety of products confirming the company's ability to compete, capture market share and profitably grow the business. With a product line-up that includes a broad range of both basic and feature phones, Sony Ericsson is now in a position to broaden its customer base in all market regions and customer segments," said Miles Flint, president of Sony Ericsson.

According to Flint, growth in the global handset market is continuing to outpace expectations, and Sony Ericsson predicts that more than 950 million mobiles will be shipped worldwide during 2006.

Copyright © 2006, ENN

Intelligent flash storage arrays

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
Inside the EYE of the TORnado: From Navy spooks to Silk Road
It's hard enough to peel the onion, are you hard enough to eat the core?
prev story

Whitepapers

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.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.