Sony Ericsson Q2 sales down 43 percent from last year

6:08 PM Edited by Blony

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Sony Ericsson saw a significant decrease in handset sales in the second quarter of 2009, having shipped 13.8 million phones, a 43 percent decrease from the same period a year ago, according to its earnings report.

The company saw a net loss of 213 million EUR (US$300 million), compared with a net income of 6 million EUR (US$8.5 million) in the same quarter last year. It still beat analyst expectations, which predicted a 284 million EUR (US$400 million) loss.

It's the fourth straight quarterly loss for the cell phone maker, which expects a 10 percent decrease in the global market through the end of the year. The company's president, Dick Komiyama, isn't hopeful about the remaining months. "As expected, the second quarter was challenging and we still believe the remainder of the year will be difficult for Sony Ericsson," he said in a statement.

The company will continue to reduce operating expenses by a further 880 million EUR. Its workforce has already been reduced by 2,350 employees.

vía MobileBurn

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