The Japanese-Swedish manufacturer of mobile phones from Sony Ericsson has published Tuesday, April 19, net income down 48% to 11 million euros in the first quarter, sales down 18.5%. A year earlier, the joint venture of Sweden's Ericsson and Japan's Sony, which celebrates its tenth anniversary in 2011, had net income of 21 million euros, according to a statement.
Between January and March 2011, turnover stood at 1.145 billion euros, the group has passed 8.1 million terminal, a figure down 23% year on year, reflecting a number of new products on the market less important. The group has however launched a new model, the XPERIA Play, a handheld computer (smartphone) with a joystick smartphones accounted for 60% of total sales during the quarter, it has been noted, while its market share on these products stood at about 5% in units sold and 3% in value.
"MODEST GROWTH" EXPECTED IN 2011 The March 11 earthquake in Japan weighed on results, making the quarter "difficult in terms of operational," the group facing difficulties in the supply chain. "We continue to assess the situation," said the CEO, Bert Nordberg, quoted in the statement. Despite lower earnings, M.
Nordberg wanted to emphasize the maintenance of a "return" for his group, while it has "accelerated the shift to a portfolio of smart phones using the Android system. For 2011, the group expects a "modest growth" in the units sold on the world market for mobile phones. 
Between January and March 2011, turnover stood at 1.145 billion euros, the group has passed 8.1 million terminal, a figure down 23% year on year, reflecting a number of new products on the market less important. The group has however launched a new model, the XPERIA Play, a handheld computer (smartphone) with a joystick smartphones accounted for 60% of total sales during the quarter, it has been noted, while its market share on these products stood at about 5% in units sold and 3% in value.
"MODEST GROWTH" EXPECTED IN 2011 The March 11 earthquake in Japan weighed on results, making the quarter "difficult in terms of operational," the group facing difficulties in the supply chain. "We continue to assess the situation," said the CEO, Bert Nordberg, quoted in the statement. Despite lower earnings, M.
Nordberg wanted to emphasize the maintenance of a "return" for his group, while it has "accelerated the shift to a portfolio of smart phones using the Android system. For 2011, the group expects a "modest growth" in the units sold on the world market for mobile phones.
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