Losses for Sony Ericsson during 2008
Swedish –Japanese mobile phone giant Sony Ericsson reported a loss of 133 million euro from last year’s fourth quarter. The loss was twice as high as predicted. In the same period in 2007 Sony Ericsson recorded a profit of 501 million euro.
There was also a significant drop in sales figures in 2008, compared to the previous year. Sony Ericsson blames on the slump in the world economy. Christmas sales were especially disappointing.