Feeds

Sony Ericsson dials up revenue and profits jump

Walkman phones prove leader of the pack

Intelligent flash storage arrays

Sony Ericsson saw its profits jump 55 per cent year-on-year in its results for the second quarter of 2007.

The results, announced on Thursday, saw the group record pretax profts of €327m for the quarter, compared to €211m for the same period in 2006.

The growth in profits reflected strong sales, which were up to €3.1bn for the quarter, compared to €2.3bn a year ago.

Net profits also increased significantly, from €143m in the second quarter of 2006 to €220m this year.

The handset group saw the number of units sold worldwide rise substantially up from 15.7 million for the second quarter of 2006 to 24.9 million in 2007. This included sales of nine million Walkman phones, a handset range that's proving to be a winner for Sony Ericsson. The average price of units shipped was €125, down from €145 a year ago.

"Sony Ericsson has continued to capture market share in a more competitive market place with a product offering that addresses a wider consumer audience than ever before. Our financial results for Q2 2007 reflect our direction to build our brand in key imaging, music, and multimedia categories with a portfolio that includes more competitively priced phones," Sony Ericsson president Miles Flint said.

"We expect the market in 2007 to remain competitive, but with recently announced products such as the flagship Walkman and Cyber-shot models we aim to continue to grow faster than the market."

Sony Ericsson forecasts that the 2007 global handset market will be more than 1.1 billion units. The company said it grew its market share in the quarter by around three per cent compared with the same period last year.

© 2007 ENN

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.