Sony Ericsson post modest profits in Q3, $2.26 billion in sales

General

Earlier today, mobile giant Sony Ericsson posted their third quarter financials via a conference call. The handset maker managed to eek out a third consecutive quarter of profits; bringing in $69 million in net income on sales of $2.26 billion. It’s not all sunshine in Japan/Sweden. The volume of handsets being shipped by SE did dip significantly. Chief Executive, Bert Nordberg, had the following to say: “Our strategy to focus on the smartphone segment is succeeding and smartphones now comprise more than 50% of our total sales. During the quarter, we launched our Android-based Xperia models in new markets, such as China and the U.S.”

Sony Ericcson has been — unsuccessfully — playing market share catch up over the past few months, but having named themselves as a partner for Window Mobile 7… it’s still game on.

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20 Comments
  • Scott

    Thomas Joseph, are you a new writer for BGR? I’m sure Andrew could use a vacation!

  • Yup

    Seriously. I feel like everyone else got fired. Good luck.

    • http://www.bgr.com Thomas Joseph

      I’m new at BGR…I’m sure Andrew and BG could use a vacation!

      • MacMan

        Welcome abroad. Try not to copy and paste.

      • brswa

        A new writer!! Woohoo! Maybe after a vaca, Andrew can start proofreading his posts..

  • MrBill

    Grat to Thomas J…

    On the thread, I think WP7 may be a winning hand for SE an the Xperia line.

    Considering they learned their lesson with thier screens an touch ability.

    They make a sweet Slcd, an it’d be a welcome addition to newer phones along a Samoled or the like too.

    Hoping good things for Sony in the future.

  • NuShrike

    If Sony gets up to speed on Froyo and Gingerbread, they could sell more units … like Motorola and Droid. Sony well knows that and yet they continue to fight their own development bureaucracy.

    Wimpy7s is a good play to keep spread out their eggs.

  • Mgl323

    Looking forward to read your articles Thomas Joseph. Oh and you need an avatar!

  • Norm

    Thomas I like your writing style.

  • KHAN

    I wish I could bring in $69 million in net income… I bet I wouldn’t have any complaints too!

  • evilstrike

    69$ billion in profit and yet they cant even find the resource so push Froyo on the X10 LOL. seriously…lame

    That tells you a lot about who runs the show and how much they don’t care about their customers.

    • evilstrike

      ^^^69$ million* :) but still enough money to get froyo!

  • pinguino1

    Is this blog BIASED?
    It’s so obvious that I decided to make a count today.
    From of last 39 articles including this one I found ONE yes ONLY ONE about Windows Phone 7.
    Moreover, this week was the offcial launch of WP7and this blog don’t believe it is newsworthy?
    Or is it that they get paid better by other products and is a business decision?
    Or maybe they want to balance the news everyone else doing… well, I sure they have a good reason.
    I’m just letting my imagination go because I don’t understand it.

    • Steve Jobs

      @pinguino1

      The reason you only see one WP7 story is because WP7 sucks big time.

      You’re welcome for the truth.

      • MrBill

        Go play with your feature phone troll.
        It’s history in light of things to come.

  • Sab

    Great start Thomas! Looking forward to more from you. Cheers!

  • ZachShaji

    Good start Thomas..best wishes

  • Mackdaddymay May

    You have two first names…you should name your kid Joseph Joseph.

  • Perspective

    $69 million is nothing in light of $2.26 billion in total sales. To put the figure in perspective (no pun intended), it would be like spending $2191.00 on an item and then selling it for $2,260.00. . . the $69 left is a 3% profit. Android doesn’t seem to be helping them much. Motorola’s numbers are similar. HTC does better than either of these, but like Samsung they have to release so many handsets to sustain growth that their profit takes a hit.

    By comparison, Apple made $3.25 billion on revenues of $15.7 billion, which is a roughly 20% profit margin.

    In other words, while Android is gaining in market share, it’s got a LONG way to go in terms of revenue.

  • http://www.smspoint.com Pavan Kuntamukkala

    Thanks for updating about Sony Ericsson

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