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Sony Ericsson’s Q3 financial report

Sunday, October 18, 2009
Yesterday 16th Oct, Sony Ericsson revealed their financial report for Q3 2009. Things are still looking pretty gloomy for the company, continuing to lose money, but at least the numbers are better this time around (compared to the previous quarter).

The company has managed to ship 14.1 million handsets, which according to the company analysts, accounts for 5% market share. This is a 300.000 increase over Q2, but still 11.6 million lower than Q3 2008.

The average selling price of the Sony Ericsson handsets has dropped to 169$, from 180$ in Q2. However this is still higher than the 161$ recorded in Q3 of 2008.

The operating income of the company is in fact a loss of $285 mln. While this by itself is pretty bad it shows signs of improvement over the $405 mln loss in Q2 2009.

The total loss of the company for the period amounts to $242 mln, which is almost $73 mln less than the result for the second quarter of 2009.

The hopes of the troubled company for survival depend on the cost-cutting programs started since mid-2008 whose effects however will be felt in the second half of 2010.

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