Sony Ericsson anticipates fourth consecutive loss

Sony Ericsson anticipates fourth consecutive loss

March 23, 2017

Handset maker Sony Ericsson expects to report a loss of between €340 million and €390 million (£297m and £341m) for the first quarter of 2017.

Shipments are expected to drop by 8 million units (36%) on year.

This is compounded by the average selling price of handsets falling despite increases in production costs.

It will be the fourth consecutive quarterly loss for the company, which has already announced plans to axe 2,000 jobs.

One thousand employees have already left the company, with 1,000 more to follow in the near future.

The company refused to rule out further job cuts.

Rumours in the German press suggest that Sony is considering ending its 50-50 partnership with Ericsson by buying out Ericsson’s stake.

If this route is taken, then Sony is expected to change its focus to high-end handsets.

Nokia recently announced plans to axe 1,700 jobs, whilst Motorola is believed to be on the verge of bankruptcy.

Tim Yeo

Related Posts

Pay as You Go mobile broadband most popular

Comments Off on Pay as You Go mobile broadband most popular

Virgin Media publishes Q4 2007 results

Comments Off on Virgin Media publishes Q4 2007 results

New face at the controls of TalkTalk

Comments Off on New face at the controls of TalkTalk

Microchip celebrates 50th birthday

Comments Off on Microchip celebrates 50th birthday

CHT profits down 50%

Comments Off on CHT profits down 50%

WiMAX arrives in America

Comments Off on WiMAX arrives in America

iSuppli predicts handset shipment slowdown for China

Comments Off on iSuppli predicts handset shipment slowdown for China

GSMA calls for spectrum ‘refarm’

Comments Off on GSMA calls for spectrum ‘refarm’

Telecom Italia creates new Quad-play service

Comments Off on Telecom Italia creates new Quad-play service

Almost half of China now mobile savvy

Comments Off on Almost half of China now mobile savvy

Satisfaction falling among Broadband customers

Comments Off on Satisfaction falling among Broadband customers

Fast film downloads top next-gen broadband wish list

Comments Off on Fast film downloads top next-gen broadband wish list

Create Account



Log In Your Account