QuarterlyReport -- Engadget Mobile

QuarterlyReport posts

Sony Ericsson posts $299 million Q2 2009 loss, PlayStation-integrated phone (probably Aino) coming Q4

by Ross Miller posted Jul 16th 2009 @ 1:09PM

The good news, if you want to call it that, is that Sony Ericsson's most recent quarter loss is not as bad as its epic $382 million tab prior, and at this point there's no talk of further en masse job cuts. That said, this new report isn't exactly sunshine, and the Q2 results show a 213 million Euro ($299 million) net loss. Product shipments were around 13.8 million, down 43 percent compared with last year. Some blame is attributed to the focus on mid-tier feature phones in lieu of a greater smartphone push -- SE says it's working to correct that direction, but its higher end devices won't hit until fourth quarter. One interesting note is that one of those late-year handhelds is said to "integrate with PlayStation," but before you get excited over the oft-rumored PSP phone, we'd venture to say it's more likely that description's referencing the Remote Play-supporting Aino. From what we can tell, there's no indication of what's in the cards to improve Q3, so we won''t exactly be surprised if the story repeats itself three months from now.

LG phone revenue up, but profit down

by Chris Ziegler posted Apr 22nd 2009 @ 7:49AM

It's a tough operating environment for even the healthiest manufacturers right now, and LG's no more immune than anyone else -- or is it? Despite a dismal global economy, the Korean electronics giant and world's number three phone maker reported that it actually took in some 23 percent more revenue on phone sales over the same quarter last year -- a total of 3.92 trillion won (about $2.9 billion) -- though profit fell some 41 percent. Overall, phone shipments declined 7 percent to 22.6 million in the quarter, blamed in part on the perennial post-holiday decline, but saw strength through its midrange with models like the Cookie and KS360 (we're not sold on lumping those two in the same market segment, but whatevs). Perhaps the best news to come out of the quarterly report is that it expects 10 percent growth going into the current quarter thanks to a new concentration on upper-tier devices like the Arena, Viewty Smart, and GD900 along with message-centric phones like the Neon and Xenon. You know what'd really spur sales for ya, LG? A US release of the Viewty Smart... yeah, that's it.

[Via mocoNews]

Sony Ericsson posts epic quarterly loss, adds another round of job cuts

by Chris Ziegler posted Apr 18th 2009 @ 8:44AM

Some good news, please, Sony Ericsson? Anything? Perhaps a surprise Idou ship date? You desperately need something to counter this dismal quarterly report you just dropped on a bad news-saturated public, showing a net loss of €293 million (about $382 million) in the three-month period ending March 31 -- more than €100 million more than the amount you shed in the quarter prior. Despite reassurances to the contrary, we suspect that neither Sony nor Ericsson are prepared to tolerate red ink out of their joint venture forever, and it doesn't help that you've put Android on the back burner indefinitely. What's more, we thought your staff might be able to exhale now that the "cost saving program" to curtail spending by €300 million by cutting 2,000 jobs is complete, but you've coupled the bleak report with the announcement of an additional 2,000 cuts. Your shipped units are off a staggering 35 percent year over year, to boot; maybe the "good" news -- and we're really reaching here -- is that your European rivals are sharing in your pain right about now. Chins up, guys, and get some quality product out of the labs.

Nokia's net income slips 30%, sales and market share slide too

by Darren Murph posted Oct 17th 2008 @ 9:29AM

Man, what a difference a year makes. Almost 12 months ago to the day, the suits in Espoo were celebrating with extreme joviality after seeing profits soar a whopping 85% to $2.2 billion. Today, those same folks (plus / minus a few) are hanging their heads along with just about every other mega-corp on the planet. As credit tightens and the economy slows around the globe, people have apparently decided that another shiny new Nokia probably shouldn't be numero uno on the priority list. To that end, Nokia saw its net income sink 30% to around $1.47 billion while sales slipped 5% and market share fell ever-so-slightly to 38% (from 40% in January). Granted, it's not like Nokia didn't warn us that this was coming, but we're sure that doesn't make things any easier to swallow for shareholders. At least the gift giving season is just around the bend, right? Happy thoughts, happy thoughts.

[Via mocoNews]