Sony Ericsson says first quarter sales down 50%, $500m loss expected

– March 20, 2009Posted in: Cell Phone
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1 16 09 se billboard Sony Ericsson says first quarter sales down 50%, $500m loss expected

Things just aren’t going well for Sony Ericsson at the moment: hot on the heels of rumors that Ericsson might be looking to split out, the partnership’s cautioning investors that first quarter sales are down some 50 percent. That translates to a loss of between €340 and €390 million, which we’re guessing will translate to somewhere around $500 million — sadly even worse than last quarter, when the outfit lost $247 million. SE blames the poor showing on “weak consumer demand,” but we’d say it has more to do with a lineup of phones that always seem to be too little, too late — let’s hope those planned Android phones make an appearance soon.

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Sony Ericsson says first quarter sales down 50%, $500m loss expected originally appeared on Engadget on Fri, 20 Mar 2009 13:39:00 EST. Please see our terms for use of feeds.

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