Sony Ericsson Q2 sales up, profit below consensus
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Sony Ericsson, the world&#39;s  fourth-biggest mobile phone maker, posted higher second-quarter  sales on Wednesday but its profit and its average phone sale  prices were below analysts&#39; estimates.
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Mobile phone maker Sony Ericsson posted better-than-expected fourth quarter earnings on Wednesday and said it gained market share in that period and in 2007 as a whole.
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Japanese-Swedish mobile phone maker Sony  Ericsson said on Tuesday it expects slower growth in the global  handset market next year.
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Japanese-Swedish mobile phone maker Sony Ericsson said on Tuesday it expects slower growth in the global handset market next year.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its long-term goal of 40 percent market share in handset sales. The companyâs stock soared.
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(InfoWorld) - Sony's core electronics business more than doubled profits in the last quarter of 2006, but failed to offset price cuts to itsÂ PlayStation 3 game console, leading to an overall profit decline of just over 5 percent, the company said Tuesday. The company said sales and operating revenue increased 9.8 percent to Â¥2.6 trillion ($21.4 billion) while net profit fell 5.3 percent to Â¥159.9 billion. Sony Computer Entertainment, the division responsible for its PlayStation gaming consoles, was the only one of Sony's main business units that registered a loss in the quarter. It lost Â¥54.2 billion primarily due to the retail price of the more expensive of the two consoles being reduced from a planned Â¥62,790 to Â¥49,980 in Japan. The cut was made, Sony said, due to negative feedback from consumers. Sony's electronics business saw profits more than double to Â¥177.4 billion on 16.9 percent higher sales of Â¥1.9 trillion, the company said. The unit had a generally positive quarter with sales of Bravia LCD (liquid crystal display) televisions and Cybershot digital still cameras increasing. Europe saw the biggest percentage sales jump, up 21 percent, thanks to better LCD TV and Vaio PC sales, while tough competition in the U.S. TV market meant sales there increased by just 3 percent. Sony Pictures returned to profitability as sales there jumped 47 percent, but sales in the financial services division fell 9 percent. Underlining the generally positive results, Sony revised its full-year profit forecast upward for the year to the end of March. It now expects to record a net profit of Â¥110 billion for the year, up from its previous forecast of Â¥80 billion, although still lower than the Â¥124 billion it reported last year. The sales forecast was left unchanged. Sony's mid-term business plan has targeted a profit margin of 5 percent for the coming fiscal year. Sony's electronics business is already meeting its part of the target and will continue to do so next year however the games unit needs to improve, Sony's chief financial officer Nobuyuki Oneda said at a Tokyo news conference on Tuesday. He expects to bring the company's games unit closer to break-even in the second half, he said. Sony will target cost savings in the PlayStation 3 by introducing more advanced chips and consolidating components to reduce the overall number of parts, he said. The company is already on the way to the first of these targets, with the recent start of production of a new version of the Cell processor built with a 65-nanometer production process. The chip in current consoles is built using a 90-nanometer process and the upcoming switch will mean a chip that is 40 percent smaller. Costs will fall in line with the size reduction, Sony said. It did not say when the new chip will appear in consoles. Sony wouldn't provide anyÂ PlayStation 3 shipment estimatesÂ for the coming financial year but said it remains confident it will ship 6 million consoles up to March. It also revised upwards its PlayStation 2 shipment forecast from 11 million units to 13 million units. Sony counts shipments as finished consoles leaving its factory for Sony warehouses and distributors. Oneda ruled out the possibility of further price cuts in the near future, but hinted that this could happen in two or three years' time. Â
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Sony Ericsson, the world's fourth-largest mobile phone maker, saw growing profits and market share in the second quarter but said the average selling price of its handsets continued to fall.
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Sony Corp., the Japanese electronics and entertainment giant. said Thursday that its profit jumped 61.6 percent in the latest quarter on improved profitability in its mobile phone
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Sony Corp may report a rise in profit during the July-September period, led for the second consecutive quarter by its movie business, as producer of box-office hits such as
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Sony Ericsson, the world's fourth biggest mobile phone maker, posted higher second-quarter sales on Wednesday but its profit and its average phone sale prices were below analyst estimates.
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STOCKHOLM, Sweden -- LM Ericsson, the world's largest maker of wireless networks, said Friday that strong sales in Asia helped boost earnings 12 percent in the second quarter but its shares dropped as the results missed expectations.
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Sony Corp swung to a quarterly operating profit as it booked strong sales of liquid crystal display TVs and digital cameras and benefited from a weaker yen, and it raised its full-year forecast by 2 percent.
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Swedish telecommunication equipment maker Ericsson on Friday reported a gain in second quarter net earnings but its sales performance fell short of market expectations.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.
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Motorola Inc. , the world's No. 2 maker of cell phones, on Tuesday said its quarterly profit more than tripled, as sales rose 26 percent, driven in part by a host of new handset models and cost controls.
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Cell phone maker Sony Ericsson nearly doubled its third-quarter profit, the company announced Thursday, thanks to continued sales of its new feature-rich phones that boast bright colors, improved cameras and faster speeds.
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Sony Ericsson Mobile Communications Ltd., the mobile-phone venture owned by Sony Corp. and Ericsson AB, said third-quarter profit rose 45 percent on camera phone demand and forecast this quarter will be its ``strongest.