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Friday, 5th September 2008

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Sony Ericsson posts £3m losses



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MOBILE phone maker Sony Ericsson posted a 2 million (£3.17m) operating loss for the second quarter yesterday and warned that the market would remain tough for the rest of the year.
Hit hard by a fall in demand for its more expensive phones, the company said it would realign operations and aim to cut 300 from its annual operating expenses.

The results were close to figures given in a warning issued three weeks ago by the firm, which is owned by Ericsson and Sony.





The full article contains 90 words and appears in The Scotsman newspaper.
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  • Last Updated: 18 July 2008 8:51 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
 

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