MobileTechReview News, Reviews and Forums

General Discussions >> News

Tong ZhangModerator
Senior Editor

Reged: 06/26/02
Posts: 14897
Loc: Texas
Sony Ericsson Announces Quarterly Loss and Cuts 2000 Jobs
      04/17/09 02:29 PM

Sony Ericsson today announced its quarter results with a 358 million Euro loss and 2000 job reduction. Here is some highlights for the first quarter ended March 31, 2009:

Units shipped in the quarter were 14.5 million, a decrease of 35% compared to the same period of last year and in line with our March 20, 2009 interim announcement of approximately 14 million units. Sales for the quarter were Euro 1,736 million, a decrease of 36% from a year ago. Sales decreased primarily as a result of continued weak consumer confidence and de-stocking in the retail and distribution channels.

The additional cost saving program announced today will include a further reduction in the global workforce of approximately 2,000 people. It is estimated that new restructuring charges of Euro 200 million will be needed to complete this program.

As of March 31, 2009, Sony Ericsson retained a strong net cash position of Euro 1.1 billion.

Market share in the first quarter decreased and is now estimated to be around 6%, down two percentage points sequentially.

Sony Ericsson forecasts that the global handset market for 2009 will contract at least 10% from around 1,190 million units in 2008.

At Mobile World Congress in February 2009, Sony Ericsson announced a new consumer proposition, called ?Entertainment Unlimited? (EU), to build on Sony Ericsson?s leadership in music, imaging, gaming, content services, and applications to deliver unlimited opportunities for consumers. The company also announced the first Entertainment Unlimited phone with the concept name ?Idou? to be launched in the second half of 2009. The next EU announcement will take place on 28 May.


To read our latest phone reviews please visit:

LG Xenon
Nokia E63
LG Rumor 2 for Sprint
Palm Treo Pro for Sprint
LG Versa for Verizon
Samsung Memoir for T-Mobile
Pantech Matrix Pro C820
T-Mobile Shaddow 2 Windows Mobile Smartphone
BlackBerry Curve 8900 Smartphones
Nokia 7510 for T-Mobile

More News. . .

MTR News

Post Extras Print Post   Remind Me!     Notify Moderator

Entire topic
Subject Posted by Posted on
* Sony Ericsson Announces Quarterly Loss and Cuts 2000 Jobs Tong ZhangModerator 04/17/09 02:29 PM

Extra information
0 registered and 593 anonymous users are browsing this forum.

Moderator:  Tong Zhang, LisaG, News, Jacob_Spindel 

Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is enabled
      UBBCode is enabled

Thread views: 4494

Rate this thread

Jump to

Contact the Folks at | Privacy statement Go to homepage

Powered by UBB.threads™ 6.5.5