twice connect
careers

Sony Ericsson Q3 Sales Soar

10/17/2005 09:43:00 AM Eastern

Stockholm, Sweden — Sales climbed 22 percent in the third quarter at Sony Ericsson Mobile Communications, hitting $2.5 billion, up from $2 billion in the year-ago period.

Net income for the joint-venture company, combining Sony and Ericsson’s mobile phone manufacturing and sales expertise, reached $125.7 million in the third quarter, ended Sept. 30, compared with $108.7 million in the same three months in 2004. The company said it continued to increase its marketing and research and development investments to support the expansion of its product lineup going forward.

“This has been a good quarter for Sony Ericsson,” said the company, “proving that our strategy of expanding the product portfolio upward into best-in-class imaging, music and 3G products, while increasing the number of more affordable and attractively designed volume models is paying off. We are increasingly benefiting from the opportunities created by the joint venture.”

Mobile phone units shipped in the third quarter increased to 13.8 million, a 29 percent rise over the units shipped year-on-year and a 17 percent increase from the second quarter’s figures.

Sony Ericsson reported it grew faster than the market during the third quarter, with the “popularity of higher-end phones having a positive effect and raising the profile of more affordable, volume models.” Average phone-selling price rose during the quarter, according to the company, reflecting the proportion of higher-end phones entering the product mix.

Sony Ericsson said the global handset market continued to grow faster than expected in the third quarter, and the company is upgrading its global market outlook for 2005 to over 760 million units.

PHOTOS
Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston