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Sony Ericsson posts its first profitable quarter since 2008

Troubled phone maker Sony Ericsson had a nice surprise for its investors this morning, as it announced that Q1 2010 was its first profitable quarter in just under two years. While the company shipped 4.1 million fewer handsets than in Q4 2009, it did manage to make gains where it ultimately counts, posting an income of 21€ million ($28.415 million USD) while increasing the average selling price of each handset 12% to 134€ ($181 USD). See, Sony Ericsson? Shipping products without major bugs and laying off excess labor does help the bottom line. Now all you have to do is make a smartphone people actually desire with an up-to-date OS and maybe you’ll be able to move past your crummy 4% marketshare.