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20 October 2010 ,
Written by Dhruv Tanwar
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Sony Ericsson Mobile Communications AB has released its consolidated financial summary for the third quarter ended September 30, 2010.
The company reported sales of €1,603 million, a gross margin of 30%, operating income of €63 million, and and operating margin of 4%. Its net income was €49 million.
Sony Ericsson shipped 10.4 million units during the quarter, and reported an average selling price of €154. Company president and CEO Bert Nordberg said the third consecutive quarter of profitable results shows that the company's overall performance is stabilizing. “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 US, and it is our ambition to become the global number one handset provider on the Android platform," he said. |