Tag: results

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. Continue reading “Sony Ericsson post poor profits amidst crisis”

Nokia Q4 2007 results out claims 40 percent market share

After the Sony Ericsson results of 2007 now its Nokia. The company came out with their results Q4 2007 results and this time Nokia has gained 40% share of the mobile handset market in Q4 2007. Nokia sold handsets worth 25 billion Euros in the year 2007, which is mere 1% more than what it sold last year.

Some highlights of the quarter:

  • Nokia device volumes of 133.5 million units, up 20% sequentially and up 27% year on year.
  • Estimated industry device volumes of 336 million units, up 17% sequentially and up 16% year on year.
  • Several key devices started shipping in volume across the product range including: Nokia 1200/1208, Nokia 2630, Nokia 5310, Nokia 6500 and Nokia N95 8GB.

This is what the Nokia CEO had to say on Nokia’s performance, “Nokia’s excellent fourth quarter contributed to a year of high growth and increased profitability for the company, while our industry leading product portfolio drove our device business to an estimated 40% market share in the fourth quarter. At the same time we again increased our quarterly device margins, allowing Nokia to continue to invest for innovation and growth.” Continue reading “Nokia Q4 2007 results out claims 40 percent market share”