Sony Ericsson Q2, profits down on low margins
Jul 15 2005 - 10:44 AM ET | Sony Ericsson
Low prices seem to be the complaint de facto of mobile phone manufacturers--Sony Ericcson said Q2 sales were up but profits were down. Earlier today Samsung
announced that increased price pressure put a crimp on second quarter profits.
Sony Ericsson's second quarter numbers:
* 11.8 million units shipped (14% increase)
* 1.61 EUR billion revenue (16% decrease)
* 75 EUR million profit
Sony Ericsson has faced increase competition over the past year and as a result saw a drop in market share. Several new handsets should begin shipping during the next quarter.
Sony Ericsson has upgraded its global market outlook for 2005 to over 720 million units
