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Sony Ericsson posts profit in Q2

Sony Ericsson posts profit in Q2

Mobile phone maker Sony Ericsson has posted a net profit in the second quarter, continuing to see a boost from high-end devices such as smartphones.
Net profit for the second quarter came to (EURO)12 million ($15.5 million), compared with a previous loss of 213 million in the same three months a year ago.
Revenues for the LM Ericsson and Sony Corp. joint venture, edged up four percent to (EURO)1.76 billion from (EURO)1.68 billion in the second quarter last year
The group said Friday it shipped 11 million units in the quarter, up 5 percent from the first quarter, but a 20 percent drop from the same period last year because of a smaller production portfolio.


Updated : 2021-04-19 09:12 GMT+08:00