Feeds

Sony Ericsson slumps on gloomy outlook

No love for swanky handsets

Providing a secure and efficient Helpdesk

Sony Ericsson issued its second profit warning of 2008 today, advising that it will only break even in Q2 2008.

The company blamed soft demand for mid to high-end phones, as recession concerns in Europe have led customers to opt for cheaper models, and delays in getting new phones to market.

In April analysts said the company's music phones, appropriating Sony's Walkman brand, remained attractive, but that the company was over-exposed in fashion phones. Longer operator contracts have also led to fewer replacement opportunities.

A year ago Sony Ericsson announced profits of €220m. But it's the second poor quarter in a row for the joint venture, which has been one of the successes over the past two years. In March, the company slipped to fifth place - behind LG - in market share, as profits fell by 48 per cent. ®

Security for virtualized datacentres

More from The Register

next story
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
iPhone 6 shunned by fanbois in Apple's GREAT FAIL of CHINA
Just 100 Beijing fanbois queue to pick up new mobe
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
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.
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.
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.
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?
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.