Sony Ericsson post poor profits amidst crisis
Its a lonely world. Motorola was really feeling lonely, as Samsung, LG were reporting better profits while its prospects were hitting the floor. Feel no more. Sony Ericsson has finally heeled to its pathetic designs.
Mobile phone maker Sony Ericsson is reporting a steep 97 percent drop in second-quarter earnings as tougher market conditions hurt its sales.
Net profit at the joint venture of Tokyo-based Sony Corp. and Stockholm-based LM Ericsson fell to 6 million euros ($9.5 million) in the quarter from 220 million euros in the same period a year ago.
Sales were down about 9 percent to 2.8 billion euros ($4.4 million).
The joint venture had warned before Friday’s report that it expected to just break even because of tougher market conditions.
May E8 bring you good luck Motorola. As far as SE, stop being a VIJAY in making phones, rather be KAMAL. Try being realistic rather than copying others and yourself.