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Forums - Sony - Sony Ericsson Q2 earnings (OUCH)

http://www.sony.net/SonyInfo/IR/library/semc/pdf/q209.pdf

13.8 million phones shipped (24.4 million in Q2 08)

Revenue: 1.68 billion € (2.82 billion € in Q2 08)

Net income: -213 million €, meaning a loss (6 million € profit in Q2 08)

Big ouch, sales and shipments almost 50% down YoY (Nokia reported 25% down YoY).

 



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It is more ouch for the whole market than for Sony alone?



 

I only checked Nokia (as the post says), but I'd be surprised if most cellphone makers were posting nearly 50% drops.



My Mario Kart Wii friend code: 2707-1866-0957

Why isn't Obama saving us? :(



thats why i need to find a better job -_-;
piece of advice no one should work in an electronic company at these times. especially if you are importing them.



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NJ5 said:
I only checked Nokia (as the post says), but I'd be surprised if most cellphone makers were posting nearly 50% drops.


Well the -25% drop of Nokia was for me more surprising.



 

Recession is eating up the phone industry, and Sony Er... seem to be worst hit.



Lostplanet22 said:
NJ5 said:
I only checked Nokia (as the post says), but I'd be surprised if most cellphone makers were posting nearly 50% drops.


Well the -25% drop of Nokia was for me more surprising.

Most businesses are posting 15-30% drops in revenue this quarter due to the recession (if you don't count essentials like food and health care).

 



My Mario Kart Wii friend code: 2707-1866-0957

^^^
the demand for sony erricson phones are much higher than before, Nokia is losing alot of potential sales.
but of course to "Demand" something is not the same as "Buying" something.

people want to buy sony stuff stuff but end up buying the cheaper stuff.



And I guess the people calling for Sony Ericsson to go away are justified.



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