Sony Ericsson posts $247 million Q4 loss, isn't looking forward to Q1 2009

by Darren Murph posted Jan 16th 2009 at 1:59PM

Sony Ericsson's had a rough couple of months (along with just about everybody else), and things certainly aren't looking any more stellar in Q4. The outfit has just posted a fourth-quarter drop in net income of €187 million, or just south of $248 million. That figure becomes all the more striking when you consider that it showed profits of €373 million in the same period last year. As expected, the company blamed the "global economic slowdown" for the contracting demand, though it did say that the previously announced €300 million cost savings initiative was still on track. President Dick Komiyama noted that he still sees "continued deterioration in the market place in 2009, particularly in the first half," giving us all reason to believe that similar sadness will be emitted from its Q1 / Q2 2009 reports. Still, we'd argue that things could turn around quick, fast and in a hurry if it figures out a way to get Android onto a shipping handset. We all know SE's got the design angle down -- toss a decent OS on there and you've got a winner.

[Via mocoNews]

Filed under: Sony Ericsson, Misc

Tags: business, earnings, economy, industry, quarterly earnings, QuarterlyEarnings, sony ericcson, SonyEriccson

Reader Comments (Page 1 of 1)

Neutral

Kenny H @ Jan 16th 2009 3:00PM

Wait....I don't get it. "Yo pasos de gigante".

You're steps are giant? Maybe this billboard was displayed when they were rockin' the phone markets or maybe my Spanish isn't that good.

Highly Ranked

Malkmus @ Jan 16th 2009 6:38PM

Hey, SE, how about lowering the price of the Xperia from 800 bucks to at least like 500. Then you might actually sell a bunch of them and make some money. And while you're at it, fix those bugs.

Neutral

Thom06 @ Jan 16th 2009 6:33PM

Maybe SE should consider expanding their market a bit? I'd like to see some SE phones on the CDMA side, Verizon just became the largest carrier in the US and the 10th largest carrier in the world, why ignore this huge market? Yes, I'm sure we are ALL waiting for LTE but full-scale deployment is still YEARS (yes I did say YEARS) away, especially in a rural market like my own (we finally got some 3G love from Verizon in July 07). Look at how long analog stuck around, newsflash CDMA isn't dying anytime soon maybe stop ignoring this large market (at least in the US...). But I dream of more variety on CDMA since no one on GSM wants to build a decent network where I live...