Sony Ericsson posts solid Q4 earnings

Jan 18 2006 - 02:07 PM ET | Sony Ericsson

Sony Ericsson today announced great earnings growth for the fourth quarter of 2005. The quarter was boosted by strong sales of its Walkman branded phones (the W series) and that trend should continue through 2006 as more of the models start to hit store shelves.

Key figures from the quarter:

  • $174.3 million in net profit, up 260%
  • $2.88 billion in revenue, up 15%
  • Average price per phone dropped 10% to $173

By market share Sony Ericsson is still number five with 16.1 million handsets sold in the quarter. Three million of those handsets were Walkman branded.