Sony Ericsson today posted its Q1 2009 results and they make for grim reading. Sony Ericsson lost EUR 358 million in the first 3 months of 2009 and shipped 14.5 million devices, a 35% year on year decline, and gross margin dropped from 29% to 8%. The numbers were not unexpected and Sony Ericsson is moving to restructure the business, but it will take time.
Read on in the full article.