With 10.7 million units sold in Q3, Sony Ericsson is making a tidy profit (reports SonyEricsson themselves). Of course that includes the low and mid tier devices like the T610, and there's no indication on the numbers of Symbian OS powered phones (such as the P900), but they're showing growth, and not loosing money. Which is good.
Sony Ericsson Report 51% Growth
Sony Ericsson reports continued growth in sales and profit
14 October 2004
Tokyo and Stockholm -- Sony and Ericsson today announced the consolidated financial summary for the third quarter ended September 30, 2004 of Sony Ericsson Mobile Communications AB (Sony Ericsson), the 50:50 joint venture of Sony and Ericsson.
Units shipped in the quarter reached 10.7 million, a 51% increase compared to the same period last year. Sales for the quarter were Euro 1,678 million, representing a year-on-year increase of 29%. Income before taxes was Euro 136 million and net income was Euro 90 million, which represent year-on-year improvements of Euro 97 million (249%) and Euro 28 million (45%) respectively.
The company maintained its momentum from the first half of the year, generating profitable growth. Sony Ericsson?s Average Selling Price (ASP) increased sequentially in line with company expectations due to new mid and high-end Japanese and GSM products beginning to ship.
?Sony Ericsson has enhanced its portfolio during the quarter with the launch of exciting products. Over 60% of phones sold during the quarter featured integrated cameras which illustrates our position as a market leader in mobile imaging,? said Miles Flint, President of Sony Ericsson. ?The quarter has seen us shipping a number of new products such as our first GSM megapixel camera phone, the S700, the new P910 smartphone and the youth orientated K500 series. In addition we also announced together with Vodafone the V800, our second 3G UMTS handset.?
In Japan the company launched the mova� SO506iC for NTT DoCoMo, Sony Ericsson?s first handset with i-mode� FeliCa Service for mobile wallet applications (1) and the W21S, a 3G CDMA 1x EV-DO phone for KDDI.
Ewan wrote:Sony Ericsson reports continued growth in sales and profit
14 October 2004Tokyo and Stockholm -- Sony and Ericsson today announced the consolidated financial summary for the third quarter ended September 30, 2004 of Sony Ericsson Mobile Communications AB (Sony Ericsson), the 50:50 joint venture of Sony and Ericsson.
Units shipped in the quarter reached 10.7 million, a 51% increase compared to the same period last year. Sales for the quarter were Euro 1,678 million, representing a year-on-year increase of 29%. Income before taxes was Euro 136 million and net income was Euro 90 million, which represent year-on-year improvements of Euro 97 million (249%) and Euro 28 million (45%) respectively.
The company maintained its momentum from the first half of the year, generating profitable growth. Sony Ericsson?s Average Selling Price (ASP) increased sequentially in line with company expectations due to new mid and high-end Japanese and GSM products beginning to ship.
?Sony Ericsson has enhanced its portfolio during the quarter with the launch of exciting products. Over 60% of phones sold during the quarter featured integrated cameras which illustrates our position as a market leader in mobile imaging,? said Miles Flint, President of Sony Ericsson. ?The quarter has seen us shipping a number of new products such as our first GSM megapixel camera phone, the S700, the new P910 smartphone and the youth orientated K500 series. In addition we also announced together with Vodafone the V800, our second 3G UMTS handset.?
In Japan the company launched the mova� SO506iC for NTT DoCoMo, Sony Ericsson?s first handset with i-mode� FeliCa Service for mobile wallet applications (1) and the W21S, a 3G CDMA 1x EV-DO phone for KDDI.
Well acc to sony ericsson net sales of Q3 up by 45%.
and rival
and acc to Finish handset nokia net sales OF Q3 up by 20%
S.E is doing well acc to nokia at present.
But NOKIA claims they grows their profits in Q4.