Mobile Phone Reviews
 
 
Camera music phones boost Sony Ericsson

Thu, 19 Jan 2006

Sony Ericsson, the world's fifth-biggest mobile phone maker, said on Wednesday it had a record fourth quarter and reported profits ahead of forecasts on the back of demand for handsets with cameras and music players.

The company said, "Pre-tax profits increased by 47 per cent to 206m euros in the last three months of 2005 and sales rose by 15 per cent to 2.310bn euros."

The company sold 16.1 million mobile phones in the fourth quarter, up 28 per cent from a year earlier.

Sony Ericsson has sold three million Walkman branded handsets since August last year and plans to produce a high-speed 3G version of the phone.

Miles flint, president of Sony Ericsson said, "This was another solid quarter for Sony Ericsson, and has enabled us to finish the year with great momentum.

"We are now seeing the benefit of our earlier investments in R&D which have enabled us to expand the product line-up and successfully appeal to new consumers with products like the Walkman phone series."

During the fourth quarter Sony Ericsson announced an approximately $14 million investment to purchase a controlling 64.5% stake in Beijing Suohong Electronics Co, Ltd (BSE) from Sony China, in order to strengthen its in-house manufacturing processes.

The company, a joint venture between Japan’s Sony and Sweden’s Ericsson that was born in April 2001, said, "It would debut a high-speed 3G version of the Walkman phone later this year."
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