Sony Ericsson Q3 results mixed

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Handset shipments were up 31 per cent over the year to 25.9 million, with an average sale price of £60, down from £75. The manufacturer reported revenue growth of seven per cent to £1.6 billion. Operating income dropped eight per cent to less than £200 million.

Outgoing president Miles Flint said the quarter had “seen Sony Ericsson continue to generate significant year-on-year volume growth with a portfolio of products spread across the widest variety of price points in the company’s history”.

But Ovum mobile practice leader Martin Garner said: “After the very strong run of the last few quarters, this is disappointing stuff from Sony Ericsson.”

“We continue to expect improvement in Q4 on volumes, revenues and hopefully profits, but our earlier prediction that Sony Ericsson could overtake the troubled Motorola by the end of this year now looks a bit too optimistic.”

 

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