Feeds

Sony Ericsson still making money, to some surprise

€11m in profit during 2011, thanks to Google

SANS - Survey on application security programs

The explosion of Android handsets has kept Sony Ericsson in profit, to the surprise of the markets, which were expecting a significant loss for the first quarter of 2011.

With sales down by 23 per cent – to 8.1 million handsets – and gross revenue from those sales down to €1.1bn – from €1.4bn this time last year – one might be forgiven for thinking that Sony Ericsson was going to lose money. But 60 per cent of those handsets are now high-margin smartphones, and combined with enthusiastic cost-cutting this has handed the mobile giant a profit of €15m (€11m after taxes).

That's not as good as this time last year, and only slightly better than the tail end of 2010, both of which saw high revenues eaten up by restructuring costs and higher taxes, but it's still much better than most were expecting.

A Reuters poll of analysts was expecting losses of around €24m for the first three months of this year, but despite the Japanese earthquake disrupting its supply chain, Sony Ericsson has seen its Xperia handsets (including the PLAY and Neo) sell very well, showing that someone other than Google can make money from Android.

Sony Ericsson has also, finally, stopped restructuring, having apparently cut back enough for the moment, and is now settling into its role providing high-end Android handsets for a decent margin. ®

3 Big data security analytics techniques

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.