HTTP:: Sony Ericsson Registers 299 Million Loss in Q2 2009
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Mobile phone maker Sony Ericsson announced on Thursday its financial results for the second quarter of the ongoing year, posting a 213-million-Euro ($299-million) net loss. Compared with the previous quarter, when it registered a 370-million-Euro net loss, the company informed about a net loss of 283 million Euro for the time frame, before taxes for the quarter and excluding restructuring charges. Even so, it seems that sales went down both on a yearly basis and sequentially. The 13.8 million units shipped in the period represented a drop of 43 percent year-on-year, and a five-percent decrease compared with the previous quarter of the year. In addition, the company also announced sales of 1,684 million Euro, a 40-percent dive compared with the same quarter a year ago. According to Sony Ericsson, the continuous drop it registered is the result of the challenging market conditions in all regions. However, although it shipped lower volumes and registered decreased sales, th!
e mobile phone maker informed that its gross margin improved, compared with the previous quarter, thanks to “a more favorable product mix and less material write-off costs than the previous quarter.†The higher gross margin helped it register a lower loss, it added. “As expected, the second quarter wa...
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