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>
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