Sony Ericsson Is Profitable Again

Posted: Apr 16 2010, 10:54am CDT | by , Updated: Aug 11 2010, 8:37pm CDT, in News | Mobile Phones

 

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It's been a good Q1 for more than just Google. Sony Ericsson also released their Q1 numbers today, and the results are...rather surprising. The company managed to show profits of $28 million. BGR states that this is Sony's first profitable quarter in nearly 2 years.

A lot of the credit here goes to cost-cutting. Ericsson's total sales are down from 1,750 (Euro m) to 1,405, but their gross margin has raised from 23% in Q4 2009 to 31% in Q1. They've reduced their restructuring charges and raised their average selling price. Some of this credit must go to the Xperia X10, one of Sony's first non-bug riddled phones in quite a while.

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<a href="/latest_stories/all/all/5" rel="author">Robert Evans</a>
The excitement about new smartphones, tablets and anything mobile drive Robert to unearth the latest rumors and developments in this fast moving space. He adopted 4G as soon as it become available and knows where the mobile market is going.
Robert can be contacted directly at robert@i4u.com.

 

 

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